03.11.2016 – Support and Resistance by Dukascopy

By | November 3, 2016

You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar is currently trading in the range limited by R1 of 1 1120 and S1 of 1 1070.
Standing near a 100 day moving average, R1 sees 7 confirmations. R3 counts Price Channel Indicator Upper Line among its 3 studies, whereas R2 is backed up by Bollinger Upper Band and a 150 day moving average. S3 is supported by Price Channel Indicator Lower Line, a 6 month low and 5 other models. S2 has found 4 matches, including a psychological level and a 20 day moving average, and the highest support line sees a single confirmation.
The Cable has actually gained some ground, and it now stands between R1 of 1 2350 and S1 of 1 2290.
All three resistance lines have found exactly 2 matches each. In particular, R2 is Bollinger Upper Band, whereas the highest line is a psychological level. Standing at a 20 day moving average, S2 sees 10 confirmations, and Bollinger Lower Band is among the 2 models for S3. The highest support line has found a single match.
Dollar/Yen is trending ever lower, and it currently stands below R1 of 103 and above S1 of 102 60.
R2 is the most confirmed resistance line with 6 models, and Price Channel Indicator Upper Line is among the 5 studies for R3. The lowest resistance line has found 3 matches. Price Channel Indicator Lower Line is among the 2 studies for S2, and S3 is a very important psychological level with 2 matches. S1 sees a single confirmation.
And Dollar/Swiss Franc is down as well, as it has R1 of 0 9720 and S1 of 0 9690.
R3 is backed up by 9 studies, including Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and a psychological level. R2 is a 150 day moving average with 5 matches, and the lowest resistance line sees 4 confirmations. S1 counts Price Channel Indicator Lower Line among its 5 models, and S3 is a 12 month low with 2 matches. A psychological level is the only study for S2.
This was the Support and Resistance Level Report with me, Jessica Walker. Stay with us as there’s plenty of news coming up.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#198005

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *