11.07.2016 – Support and Resistance by Dukascopy

By | July 11, 2016

It’s a new trading week, and we at Dukascopy TV are back with another Support and Resistance Level Report.
First up is the Euro/Dollar, which stands between R1 of 1 1060 and S1 of 1 10.
The lowest resistance line has found 8 matches, and R2 is a 150 day moving average with 8 models. Bollinger Upper Band is the only study for R3. Standing at a psychological level, S1 sees 4 confirmations. S2 is backed up by Price Channel Indicator Lower Line, a 3 month low and another model, and a 6 month low is the only match for S3.
The Cable has the closest levels of 1 30 in resistance and 1 2940 in support.
Standing at a former 4 year low, R2 sees 7 confirmations. R1 is a psychological level with 4 models, and the highest resistance line has found a single match. S1 leads in support with 6 studies, and Price Channel Indicator Lower Line is among the 3 models for S2. The lowest support line sees a single confirmation.
Dollar/Yen finds itself below R1 of 101 70 and above S1 of 101 20.
R2 is the most confirmed resistance line with 11 models. R3 is a 20 day moving average with 2 studies, whereas the lowest line has found a single match. S3 is backed up by Price Channel Indicator Lower Line, a 2 year low and 4 other models. S2 is an important psychological level with 5 studies, and the highest support line has found 4 matches.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9860 and S1 of 0 9810.
R1 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies. R3 is a major psychological level with 2 matches, and the second line sees a single confirmation. S2 is well supported with 14 models, including a 100 day moving average. S1 counts a 150 day moving average with 9 studies, whereas Bollinger Lower Band is the only match for S3.
I’m Celeste Skinner and that’s how our in-house model tests out today. Stay with us as we cover the latest developments in the currency markets. Goodbye for now.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188679

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