13.10.2016 – Support and Resistance by Dukascopy

By | October 13, 2016

Hello, you’re watching Thursday’s Dukascopy Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar is testing a major psychological level as it trades between R1 of 1 1060 and S1 of 1 10.
The first two resistance levels both have 4 confirmations. The first line is near a Bollinger lower band and R2 is a 100 day moving average. R3 is a price channel indicator upper line. S1 leads in support with 4 confirmations, including a price channel indicator lower line and a psychological level. S2 posts 2 matches and S3 is a 12 month low.
Next up is the Cable, which is trading in the range limited by R1 of 1 2210 and S1 of 1 2170.
A Bollinger lower band is one of the 3 confirmations for R1. R2 and R3 both have a couple of matches and the highest line is a psychological level. S1 and S3 have 2 confirmations each and the lowest line is near a price channel indicator lower line. S2 is a psychological level.
Dollar/Yen recently declined below R1 of 104 40 and it’s now above S1 of 103 40.
A Bollinger upper band and a price channel indicator upper line both are among the 5 confirmations for R1. R2 is a psychological level with a total of 2 confirmations and only a 150 day moving average is near R3. S1 leads in support with 5 matches, including a 100 day moving average. S3 follows with 4 confirmations and it’s both a price channel indicator lower line and a psychological level. S2 has a 50 day moving average among its 2 matches.
And Dollar/Swiss Franc has been hovering around R1 of 0 99 for a while and it’s above S1 of 0 9840.
R1 has found 9 matches and it’s both a Bollinger upper band and a price channel indicator upper line. R2 and R3 both have 4 confirmations and the highest line is a psychological level. S1 and S2 both have found 5 matches and the second level is a 150 day moving average. S3 posts 3 confirmations, including a price channel indicator lower lined and a Bollinger lower band.
I’m Jessica Walker and you’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow, when the next report will be available. Goodbye.

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