The Dukascopy TV team is back with another Support and Resistance Level Report. Here’s how our in-house model tests out this Monday.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1110 and S1 of 1 1080.
R2 is confirmed by a 150 day moving average and 10 more models. R1 follows with 5 matches and 4 alternative studies are near R3, which is a Bollinger upper band. S2 is a psychological level with a total of 7 confirmations. 5 alternative studies are near S1, which is a 20 day moving average. S3 is backed up by price channel indicator lower line, Bollinger lower band and a monthly low.
Next up is the Cable, which finds itself below R1 of 1 3180 and above S1 of 1 30.
A 20 day moving average is one of the 7 confirmations for R1. R2 posts 3 matches, including Bollinger upper band. A psychological level is one of the 2 matches for R3. S3 is a 4 year low with a total of 6 confirmations. S1 and S2 have 3 and 2 matches respectively. The first line is a Bollinger lower band and a psychological level and S2 is backed up by price channel indicator lower line.
Dollar/Yen has the closest levels of 103 in resistance and 101 50 in support.
R2 and R3 both have 2 confirmations. The second line is a 20 day moving average and R3 is a 50 day moving average. Only a 10 day moving average is near the closest resistance level. S3 is confirmed by a price channel indicator lower line, psychological level and 3 more models. S1 has found 3 matches and 2 alternative studies are near S2, which is a Bollinger lower band.
And last up is the Dollar/Swiss Franc, which stands between R1 of 0 9830 and S1 of 0 9770.
R2 leads in resistance with 5 confirmations, including price channel indicator upper line, Bollinger upper band and a 3 month high. R3 is a psychological level with a total of 3 matches and only 2 alternative studies are near R1. A 100 day moving average is one of the 8 confirmations for S2. S1 follows with 3 matches and it’s a 50 day moving average. Only Bollinger lower band is near S3.
I’m Celeste Skinner and that’s all for Monday’s Support and Resistance Level Report. Check back tomorrow when the next report will be available. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#190896
Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
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