Let’s find out where the Support and Resistance levels stand this Thursday morning.
Euro/Dollar has regained some ground, and it now stands between R1 of 1 13 and S1 of 1 1250.
Standing at a 50 day moving average, R1 sees 9 confirmations, and Bollinger Upper Band is among the 4 models for R2. The highest line counts a psychological level as its only match. S2 is backed up by Price Channel Indicator Lower Line, a 150 day moving average and 3 other models, whereas S1 sees 3 confirmations. Bollinger Lower Band is among the 2 studies for S3.
The Cable has inched slightly higher as well, as it stands below R1 of 1 42 and above S1 of 1 4150.
R3 is a 50 day moving average with 4 models. Standing at a 100 day moving average, R2 sees 3 confirmations, and the lowest resistance line has found 2 matches. Bollinger Lower Band is among the 5 studies for S1, whereas the other two support lines have found a single match each, namely, Price Channel Indicator Lower Line for S2 and a psychological level for S3.
Dollar has plunged against the Yen, and the pair currently has R1 of 104 90 and S1 of 104.
R2 is a former 12 month low with 7 confirmations, and R1 is a psychological level with 2 matches. A 20 day moving average is the only model for R3. The pair has found little support at the new level as all three support lines see a single confirmation each. S3 is a 2 year low.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9630 and S1 of 0 9580.
R1 is the most confirmed resistance line with 9 studies. R3 counts a 100 day moving average among its 4 models, and R2 is a 50 day moving average with 3 matches. Price Channel Indicator Lower Line is among the 7 studies for S1. Standing at a 6 month low, S3 sees 3 confirmations, and Bollinger Lower Band is among the 2 models for S2.
I’m Lucy Palfreeman and this is how our in-house model tests out today. There’s plenty of news to cover today, so stay with us. Goodbye for now.
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