You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar’s surge has been short-lived, and it is now back between R1 of 1 0970 and S1 of 1 0850.
R2 counts a 100 day moving average among its 7 models, and a 20 day moving average is among the 5 studies for R1. Standing at a 12 month high, R3 sees 2 confirmations. S1 is backed up by Price Channel Indicator Lower Line, a 6 month low and 2 other models, and S3 counts a 4 year low among its 2 studies. A psychological level is the only match for S2.
The Cable is trading in the range limited by R1 of 1 2470 and S1 of 1 24.
The lower two resistance lines have found 3 matches each, including Bollinger Upper Band for R1 and Price Channel Indicator Upper Line for R2, whereas R3 counts a 50 day moving average as its only model. S1 leads in support with 7 models, and S2 is a 20 day moving average with 2 matches. S3 is backed up by Price Channel Indicator Lower Line and Bollinger Lower Band.
Dollar/Yen has recovered all of its loss and then some, as it has R1 of 105 60 and S1 of 105 10.
Bollinger Upper Band is among the 3 studies for R1, and Price Channel Indicator Upper Line is among the 2 models for R2. The highest resistance line has found a single match. Standing near a psychological level, S1 sees 4 confirmations. S2 is backed up by Bollinger Lower Band, a 100 day moving average and 2 other models, and Price Channel Indicator Lower Line is among the 3 studies for S3.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9860 and S1 of 0 98.
R2 is backed up by Price Channel Indicator Upper Line, a 6 month high, a major psychological level and 4 other models, whereas the other two resistance lines see 3 confirmations each, including a 4 year high for R3 and a 20 day moving average for R1. S2 leads in support with 9 studies, including a 150 day moving average, and S1 is a 50 day moving average with 3 matches. Price Channel Indicator Lower Line is among the 3 studies for S3.
I’m Celeste Skinner and you’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.
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