15.08.2016 – Support and Resistance by Dukascopy

By | August 15, 2016

The Dukascopy TV team is back with another Support and Resistance Level Report. Here’s how our in-house model tests out this Monday.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1170 and S1 of 1 1140.
R1 is backed up by a 150 day moving average and 7 more models. R2 posts 7 matches, including a 100 day moving average, a price channel indicator upper line and a Bollinger upper band. There’s just a single match for R3. A 50 day moving average is one of the 14 confirmations for S1. S2 follows with 7 matches and it’s a 20 day moving average. S3 is a psychological level.
Next up is the Cable, which finds itself below R1 of 1 30 and above S1 of 1 29.
R1 is a psychological level and it has a total of 7 matches. R2 and R3 have 3 and 2 confirmations respectively and the highest level is a 20 day moving average. S2 is a 4 year low with a total of 6 confirmations. 4 alternative studies are near S1, which is both a price channel indicator lower line and a Bollinger lower band. S3 is a psychological level.
Dollar/Yen has the closest levels of 101 60 in resistance and 100 70 in support.
A 10 day moving average is among the 4 confirmations for R1. R2 and R3 both have 2 matches and the highest line is a 20 day moving average. S1 and S2 have 4 matches each. The first line is a price channel indicator lower line and S2 is a psychological level. A Bollinger lower band is one of the 2 matches for S3.
And last up is the Dollar/Swiss Franc, which stands between R1 of 0 98 and S1 of 0 9750.
A 150 day moving average is one of the 7 matches for R1. R2 posts 4 matches, including a Bollinger upper band and a price channel indicator upper line. R3 is a psychological level with a total of 2 matches. S1 leads in support with 12 confirmations and a 50 day moving average is one of them. S2 is confirmed by a 100 day moving average and 7 more models. 4 alternative studies are near S3, which is a Bollinger lower band.
I’m Sam Meredith and that’s all for Monday’s Support and Resistance Level Report. Check back tomorrow when the next report will be available. Goodbye.

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