It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday.
First up is the Euro/Dollar, which has the closest levels of 1 1140 in resistance and 1 1110 in support.
A 150 day moving average is one of the 22 confirmations for R2. R1 and R3 both have 3 matches. The first line is near a Bollinger lower band and R3 is a Bollinger upper band. S1 posts 5 confirmations, including a price channel indicator lower line. S3 is a 6 month low with a total of 2 matches and S2 is a psychological level.
Pound/Dollar has plummeted and it now has R1 of 1 25 and S1 of 1 20.
A psychological level and a 20 day moving average are among the 9 confirmations for R3. A Bollinger lower band is one of the 2 matches for R2 and R1 is a psychological level. S2 is backed up by yesterday’s low and a price channel indicator lower line. S1 and S3 both are psychological levels.
Next up is the Dollar/Yen, which stands between R1 of 104 20 and S1 of 103 70.
There are 4 alternative studies near R1, which is a price channel indicator upper line. R2 and R3 both have 2 confirmations. The second line is a psychological level and R3 is a 150 day moving average. S3 is well confirmed with 6 matches, including a price channel indicator lower line, a Bollinger lower band and a psychological level. S1 posts 5 confirmations and it’s both a 100 day moving average and a Bollinger upper band. S2 is near a 20 day moving average and it used to be a weekly high.
And Dollar/Swiss Franc finds itself below R1 of 0 9830 and above S1 of 0 9750.
A price channel indicator upper line and a Bollinger upper band are among the 5 confirmations for R1. R2 posts 3 matches and 2 alternative studies are near R3, which is a psychological level. S1 and S2 both have 7 confirmations. S1 is backed up by a 100 day moving average and S2 is near a Bollinger lower band and a price channel indicator lower line. S3 is a psychological level.
I’m Sam Meredith and you’ve been watching the Support and Resistance Level Report for Friday. Check back in on Monday when the next report will be available. Goodbye.
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