You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out.
Euro/Dollar is trading in the range limited by R1 of 1 1250 and S1 of 1 1220.
R1 is the most confirmed resistance line with 15 models, and R2 is Bollinger Upper Band with 3 matches. Price Channel Indicator Upper Line is among the 3 studies for R3. Standing near a 100 day moving average, S1 is well confirmed with 13 models. S2 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies, and S3 is a psychological level with 2 matches.
The Cable has the closest levels of 1 3250 in resistance and 1 32 in support.
The lowest resistance line has found 4 matches. Price Channel Indicator Upper Line is among the 3 studies for R3, and R2 is Bollinger Upper Band with 2 models. The highest support line has found 6 matches. S3 is a 4 year low with 5 studies, and Bollinger Lower Band is among the 2 models for S2.
Dollar/Yen finds itself below R1 of 102 20 and above S1 of 101 80.
R1 leads in resistance with 7 studies. Standing at a 50 day moving average, R2 sees 6 confirmations, and R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. The highest support line sees 5 confirmations, and S2 is a major psychological level with 3 matches. Price Channel Indicator Lower Line is among the 2 studies for S3.
And Dollar/Swiss Franc stands between R1 of 0 9730 and S1 of 0 97.
R1 is well confirmed with 16 models, including a 20 day moving average, and R2 counts a 150 day moving average among its 11 studies. Bollinger Upper Band is among the 3 studies for R3. The highest support line has found 7 matches, and Bollinger Lower Band is among the 2 models for S2. S3 is Price Channel Indicator Lower Line with 2 studies.
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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