16.08.2016 – Support and Resistance by Dukascopy

By | August 16, 2016

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
Euro/Dollar has inched higher, and it now stands between R1 of 1 1220 and S1 of 1 1190.
R1 is backed up by a 100 day moving average, Price Channel Indicator Upper Line and 5 other studies, whereas Bollinger Upper Band is among the 2 models for R2. A psychological level is the only match for R3. Standing near a 150 day moving average, S2 is well confirmed with 13 studies. The highest support line has found 9 matches, and S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and another model.
The Cable is trading in the range limited by R1 of 1 2930 and S1 of 1 29.
Standing at a psychological level, R2 sees 6 confirmations. The lowest resistance line has found 4 matches, and R3 is a 20 day moving average with 3 models. S3 is a 4 year low with 6 studies, and the upper two support lines have found 4 matches each, including Price Channel Indicator Lower Line and Bollinger Lower Band for S2.
Dollar/Yen has seen a decline, which leaves it below R1 of 100 60 and above S1 of 100 10.
R2 is the most confirmed resistance line with 13 models, and R1 has found 2 matches. R3 counts a 20 day moving average among its 2 studies. S3 is supported by Bollinger Lower Band, a 2 year low and 3 other models. S1 counts an important psychological level among its 4 matches, and the second line sees a single confirmation.
And Dollar/Swiss Franc has the closest levels of 0 9720 in resistance and 0 9690 in support.
R2 is well confirmed with 14 models, including a 50 day moving average. R1 counts a 100 day moving average among its 10 studies, and R3 is a 150 day moving average with 7 models. S2 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies. The highest support line has found 3 matches, and a psychological level is the only model for S3.
I’m Sam Meredith and this was the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next overview. Goodbye.

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