You’re watching the Support and Resistance Level Report for Thursday.
First up is the Euro/Dollar, which stands between R1 of 1 1110 and S1 of 1 1080.
Standing at a 150 day moving average, R2 is well confirmed with 11 studies. The lowest resistance line has found 8 matches, and Bollinger Upper Band is among the 2 models for R3. The highest support line sees 8 confirmations. S2 is backed up by Bollinger Lower Band, a psychological level and 3 other models, and S3 is Price Channel Indicator Lower Line with 4 studies.
The Cable has the closest levels of 1 30 in resistance and 1 2950 in support.
R2 is a former 4 year low with 8 models, and R3 is a psychological level with 2 matches. The lowest resistance line sees a single confirmation. Price Channel Indicator Lower Line is among the 3 studies for S2, and S3 is Bollinger Lower Band with 2 matches. The highest support line sees a single confirmation.
Dollar/Yen has been moving in waves, and it now has R1 of 101 and S1 of 100 40.
R2 is the most confirmed resistance line with 11 studies, whereas the lowest line sees 3 confirmations. A 20 day moving average is the only match for R3. S3 is backed up by Price Channel Indicator Lower Line, a 2 year low and 5 other models, and S1 counts Bollinger Lower Band among its 3 matches. S2 is a psychological level with 3 studies.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9770 and S1 of 0 9740.
The lowest resistance line has found 9 matches. R2 is backed up by a 150 day moving average, Bollinger Upper Band and 4 other models, and R3 is a psychological level with 2 confirmations. Standing near a 100 day moving average, S1 is well supported with 11 matches. Price Channel Indicator Lower Line is among the 2 models for S3, and S2 counts a 20 day moving average as its only match.
I’m Celeste Skinner and that’s how our in-house model tests out this Thursday. We’ll be covering the latest developments in the forex markets, so stay with Dukascopy TV.
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