You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has stood between R1 of 1 1260 and S1 of 1 1230 for the last couple of days.
R1 leads in resistance with 8 studies, and R2 has found 5 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. A psychological level is the only model for R3. Standing at a 150 day moving average, S2 is well confirmed with 12 studies, and S1 is a 20 day moving average with 6 matches. Price Channel Indicator Lower Line is among the 2 models for S3.
The Cable is trading in the range limited by R1 of 1 3360 and S1 of 1 3320.
The lowest resistance line has found 4 matches, and Bollinger Upper Band is among the 3 studies for R2. Standing at a psychological level, R3 sees 2 confirmations. S1 leads in support with 8 models. S3 counts a 20 day moving average among its 6 studies, and the second line has found a single match.
Dollar/Yen has the closest levels of 101 90 in resistance and 101 50 in support.
R1 is the most confirmed resistance line with 5 models. Price Channel Indicator Upper Line is among the 3 studies for R3, and R2 is a 50 day moving average with 2 matches. The highest support line is a 20 day moving average with 6 studies. S3 is backed up by Bollinger Lower Band, a 2 year low and 3 other models, and S2 is a major psychological level with 4 matches.
And Dollar/Swiss Franc finds itself below R1 of 0 9710 and above S1 of 0 9660.
Standing at a 20 day moving average, R1 sees 7 confirmations. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, and R3 is an important psychological level with 2 studies. The highest support line has found 4 matches. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and S3 is a 12 month low with 2 studies.
I’m Kiays Khalil and this was the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.
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