You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has seen limited movement, and it currently stands between R1 of 1 1260 and S1 of 1 1230.
The lowest resistance line sees 7 confirmations. Bollinger Upper Band is among the 2 studies for R2, and R3 counts a psychological level as its only match. S1 is very well supported with 18 studies, including a 20 day moving average. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, and the lowest support line is also a 3 month low with a single confirmation.
The Cable has the closest levels of 1 3270 in resistance and 1 3230 in support.
The lowest resistance line has found 6 confirmations, and Price Channel Indicator Upper Line is among the 4 models for R3. Bollinger Upper Band is the only study for R2. Standing near a 20 day moving average, S1 sees 4 confirmations, and S2 is a 50 day moving average with 2 matches. S3 is a psychological level with a single model.
Dollar/Yen lost some ground yesterday, and it now has R1 of 102 50 and S1 of 102 10.
R1 counts a 50 day moving average among its 9 models. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and a psychological level is the one match for R3. S1 is the most confirmed support line with 7 models, and a 20 day moving average is among the 5 studies for S2. Standing at a major psychological level, S3 has found 2 matches.
And Dollar/Swiss Franc has also seen a decline, which leaves it below R1 of 0 9750 and above S1 of 0 9720.
Standing at a 150 day moving average, R1 sees 10 confirmations. R3 is an important psychological level with 3 studies, whereas R2 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S1 is a 20 day moving average with 10 models. Standing at a 12 month low, S3 has found 3 matches, and Bollinger Lower Band is among the 2 studies for S2.
I’m Sam Meredith and this was the Support and Resistance Level Report for Thursday. Stay with Dukascopy TV throughout your trading day.
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