09.08.2016 – Support and Resistance by Dukascopy

By | August 9, 2016

You’re watching another Dukascopy Support and Resistance Level Report. Here’s how our in-house model tests out this Tuesday.
Euro/Dollar is trading in the range limited by R1 of 1 1150 and S1 of 1 1070.
First line leads in resistance with 10 confirmations and it’s a 150 day moving average. R3 has a 100 day moving average and price channel indicator upper line among its 4 confirmations. There are 3 alternative studies near R2, which is a Bollinger upper band. S1 is the most confirmed support level, standing near 8 alternative studies and a 20 day moving average is one of them. S2 and S3 both have 3 matches. The second line is a psychological level and S3 is both a price channel indicator lower line and Bollinger lower band.
The Cable stands between R1 of 1 30 and S1 of 1 2850.
R2 is backed up by a 20 day moving average and 8 more models. R1 follows with 4 matches, including a psychological level and Bollinger lower band. R3 is both a Bollinger upper band and a weekly high. S2 is a 4 year low with a total of 7 matches. S1 posts 2 confirmations and price channel indicator lower line is one of them. S3 is a psychological level.
Next up is the Dollar/Yen, which has the closest levels of 102 70 in resistance and 101 90 in support.
R1 has found 6 matches and the rest two resistance levels have 2 confirmations each. The second line is a 20 day moving average and R3 is a 50 day moving average. S3 leads in support, standing near price channel indicator lower line and a psychological level. S1 posts 4 matches and 2 studies are near S2, which is a Bollinger lower band.
Dollar/Swiss Franc stands below R1 of 0 9860 and above S1 of 0 9810.
Price channel indicator upper line and Bollinger upper band are both among the 5 confirmations for R2. R1 posts 4 matches and 3 alternative studies are near R3, which is a psychological level. S1 leads in support with 10 matches, including a 150 day moving average. A 50 day moving average is one of the 5 matches for S2 and 2 alternative studies are near S3, which is a Bollinger lower band.
I’m Kiays Khalil and you’ve been watching the Support and Resistance Level Report for Tuesday. We’ll be back tomorrow with the next report, so see you then.

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