You’re watching this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday morning.
Euro/Dollar is trading in the range limited by R1 of 1 0940 and S1 of 1 0890.
R2 is backed up by Bollinger Upper Band, a 100 day moving average and 3 other models, whereas the lowest resistance line has found 4 matches. Price Channel Indicator Upper Line the only study for R3. S2 is supported by Price Channel Indicator Lower Line, a 6 month low and 4 other models. The highest support line has found 2 matches, and S3 counts a 12 month low as its only confirmation.
The Cable has the closest levels of 1 2580 in resistance and 1 2520 in support.
Price Channel Indicator Upper Line is among the 3 studies for R1, and R2 is a 50 day moving average with 2 matches. A 100 day moving average is the only model for R3. Standing at a 20 day moving average, S2 sees 4 confirmations, and the highest support line has found 3 matches. S3 is backed up by Price Channel Indicator Lower Line and Bollinger Lower Band.
Next up is the Dollar/Yen, which has R1 of 106 80 and S1 of 106 10.
R1 leads in resistance with 4 models, including Price Channel Indicator Upper Line, whereas the other two lines have found a single match each, namely, a psychological level for R2 and a 6 month high for R3. S2 is a psychological level with 5 matches, and the highest support line sees 2 confirmations. Standing at a major psychological level, S3 sees 2 confirmations.
And Dollar/Swiss Franc stands between R1 of 0 9890 and S1 of 0 9850.
R2 is backed up by Price Channel Indicator Upper Line, a 6 month high, a psychological level and 3 other studies. The lowest resistance line has found 4 matches, and R3 sees a single confirmation. S2 is a 100 day moving average with 6 matches, and a 20 day moving average is among the 5 studies for S1. S3 counts Price Channel Indicator Lower Line among its 2 models.
I’m ____ and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday with the next overview, but until then, goodbye.
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