06.09.2016 – Support and Resistance by Dukascopy

By | September 6, 2016

Good morning traders, this is the Support and Resistance Level Report for Tuesday.
First up is the Euro/Dollar, which stands between R1 of 1 1170 and S1 of 1 1140.
R2 is a 150 day moving average with 10 studies, and the lowest resistance line has found 9 matches. R3 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and another model. Standing at a 50 day moving average, S1 has found 8 matches. Price Channel Indicator Lower Line is among the 4 studies for S3, and S2 is Bollinger Lower Band with 2 confirmations.
The Cable finds itself below R1 of 1 3350 and above S1 of 1 33.
Price Channel Indicator Upper Line is among the 4 studies for R2. R1 counts Bollinger Upper Band among its 3 models, and R3 is a psychological level with 2 matches. S3 is a 20 day moving average with 6 studies, and the highest support line has found 5 matches. Standing at a 50 day moving average, S2 sees 3 confirmations.
Dollar/Yen is trading in the range limited by R1 of 104 and S1 of 103 40.
R1 counts Bollinger Upper Band among its 4 models, and Price Channel Indicator Upper Line is among the 2 studies for R2. R3 is a psychological level with 2 confirmations. S1 leads in support with 8 models, and S2 is a 50 day moving average with 2 matches. A 20 day moving average is the only confirmation for S3.
And Dollar/Swiss Franc has the closest levels of 0 9810 in resistance and 0 9780 in support.
R1 is the most confirmed resistance line with 15 models. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, and R3 is a major psychological level with 2 matches. Standing near a 50 day moving average, S1 sees 8 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and S2 is a 20 day moving average with 2 matches.
So that’s how our in-house model tests out today. I’m Sam Meredith and we’ll be back tomorrow with the next overview. Goodbye.

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