17.08.2016 – Support and Resistance by Dukascopy

By | August 17, 2016

Find out where the Support and Resistance Levels stand this Wednesday morning.
The first pair for this report is the Euro/Dollar, which has R1 of 1 1270 and S1 of 1 1220.
Bollinger Upper Band is among the 4 models for R1, and R3 is a 6 month high with 2 studies. A psychological level is the only match for R2. Standing at a 150 day moving average, S2 sees 12 confirmations, and S1 counts a 100 day moving average among its 3 models. S3 is a psychological level with 2 matches.
The Cable is trading in the range limited by R1 of 1 3050 and S1 of 1 30.
R1 is the most confirmed resistance line with 9 models. R2 is a 20 day moving average with 3 studies, and R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. Standing at a 4 year low, S3 sees 7 confirmations, whereas S1 is a psychological level with 6 models. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
Dollar/Yen has recovered some ground and now stands below R1 of 101 10 and above S1 of 100 80.
R1 leads in resistance with 11 studies, and the second line sees 9 confirmations. Standing at a 20 day moving average, R3 has found 2 matches. S3 is a 2 year low with 5 confirmations, and S2 counts Price Channel Indicator Lower Line among its 3 models. The highest support line has found 2 matches.
And last up is the Dollar/Swiss Franc, which finds itself between R1 of 0 9650 and S1 of 0 9620.
Standing at a 50 day moving average, R2 sees 9 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, and the lowest resistance line has found 2 matches. Bollinger Lower Band is among the 3 studies for S1, and the lower two support lines see 2 confirmations each, including Price Channel Indicator Lower Line for S2 and a psychological level for S3.
And that’s how our in-house model tests out this Wednesday. I’m Kiays Khalil and we’ll be back tomorrow with the next overview. See you then.

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