11.08.2016 – Support and Resistance by Dukascopy

By | August 11, 2016

You’re watching the Dukascopy Support and Resistance Level Report for Thursday, where we’ll find out how our in-house model tests out.
First up is Euro/Dollar and the pair trades between R1 of 1 1180 and S1 of 1 1150.
The first resistance level has found 8 matches and it’s a 150 day moving average. R2 follows with 7 confirmations, including a Bollinger upper band, a price channel indicator upper line and a 100 day moving average. There’s just a single match for R3. S1 has found 14 matches and it’s a 50 day moving average. A 20 day moving average is one of the 7 confirmations for S2 and S3 is a psychological level with a total of 2 matches.
Pound/Dollar has been bouncing between R1 of 1 3050 and S1 of 1 2990.
R1 leads in resistance with 8 confirmations. 5 alternative studies are near R2, which is a 20 day moving average. The highest line has a Bollinger upper band among its 3 matches. S3 is a 4 year low with a total of 7 confirmations. S1 is a psychological level and it has a total of 6 matches. S2 is backed up by a price channel indicator lower line and Bollinger lower band.
Dollar/Yen has been moving towards R1 of 101 70 and away from S1 of 101.
R1 has found 4 matches. The second line follows with 2 confirmations, including a 20 day moving average. R3 is a psychological level. S1 posts 5 matches and it’s followed closely by S2, which is near 4 alternative studies and price channel indicator lower line is one of them. S3 has a psychological level among its 3 confirmations.
Dollar/Swissie has broken through R1 of 0 98 and it has tested S1 of 0 9730.
There are 8 matches for the first resistance level, which is a 150 day moving average. R2 posts 4 matches, including a Bollinger upper band, a price channel indicator upper line and a monthly high. R3 is a psychological level with a total of 3 matches. S1 has a 100 day moving average among its 6 confirmations. There are 5 matches for S3 and it’s a price channel indicator lower line. Only Bollinger lower band is near S2.
I’m Sam Meredith and you’ve been watching the Support and Resistance Level Report for Thursday.

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