04.07.2016 – Support and Resistance by Dukascopy

By | July 4, 2016

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
First up is the Euro/Dollar, which stands below R1 of 1 1170 and above S1 of 1 1130.
The lowest resistance line has found 4 matches, and R2 is a 100 day moving average with 3 studies. Price Channel Indicator Upper Line is among the 3 models for R3. S2 leads in support with 6 studies, including Bollinger Lower Band and a psychological level. Standing at a 150 day moving average, S1 sees 5 confirmations, and S3 is Price Channel Indicator Lower Line with 4 models.
The Cable is trading in the range limited by R1 of 1 3310 and S1 of 1 3240.
R1 is the most confirmed resistance line with 4 models. R2 counts a psychological level among its 2 studies, and the highest line has found a single match. S2 is backed up by Price Channel Indicator Lower Line, a 4 year low and 7 other models. The highest support line has found 3 matches, and S3 is a psychological level with 2 studies.
Dollar/Yen finds itself between R1 of 102 80 and S1 of 102 40.
R1 leads in resistance with 11 studies, and R2 is a 20 day moving average with 3 matches. Bollinger Upper Band is the only model for R3. Standing at a major psychological level, S3 sees 3 confirmations, whereas the upper two support lines have found 2 matches each, including Bollinger Lower Band for S2.
And last up is the Dollar/Swiss Franc, which has R1 of 0 9750 and S1 of 0 9710.
Standing at a 100 day moving average, R1 sees 10 confirmations. R2 is a 150 day moving average with 4 models, and R3 is Price Channel Indicator Upper Line with 2 studies. S1 is the most confirmed support line with 5 models. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies, and S2 is a 20 day moving average with 3 matches.
I’m Celeste Skinner and that’s how our in-house model tests out this Monday. Stay with us throughout your trading day. Goodbye for now.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188100

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