You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out this morning.
Euro/Dollar has spent most of the last couple of days between R1 of 1 1140 and S1 of 1 11.
Standing at a 150 day moving average, R1 sees 5 confirmations, and R2 is a 100 day moving average with 3 models. Bollinger Upper Band is among the 2 studies for R3. The highest support line has found 12 matches, and S2 is a psychological level with 3 models. S3 is Bollinger Lower Band with 2 confirmations.
Next up is the Cable, which finds itself below R1 of 1 35 and above S1 of 1 3340.
R3 leads in resistance with 2 models, including a 50 day moving average, whereas the other two resistance lines have found a single match each, including a psychological level for R1 and a 20 day moving average for R2. Standing at a former 4 year low, S2 sees 9 confirmations, and S3 is a psychological level with 4 studies. The highest support line has found 2 matches.
Next up is the Dollar/Yen, which has the closest levels of 105 90 in resistance and 105 in support.
Bollinger Upper Band is among the 2 studies for R1, and R2 counts Price Channel Indicator Upper Line as its only model. The highest resistance line is a 100 day moving average with a single confirmation. S3 is backed up by a psychological level, Bollinger Lower Band and 2 other models. S1 is a psychological level with 2 matches, and S2 is a 20 day moving average with 2 confirmations.
And last up is the Dollar/Swiss Franc, which has R1 of 0 9820 and S1 of 0 9790.
R1 is a 150 day moving average with 10 confirmations, and Price Channel Indicator Upper Line is among the 3 studies for R2. R3 counts Bollinger Upper Band as its only match. Standing at a 100 day moving average, S2 sees 9 confirmations, and the highest support line sees 7 confirmations. Bollinger Lower Band is among the 2 models for S3.
I’m Sam Meredith and you’ve been watching the Support and Resistance Level Report for Friday. Check back in on Monday for the next overview. Goodbye.
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