It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
First up is the Euro/Dollar, which has the closest levels of 1 1080 in resistance and 1 1050 in support.
The lowest resistance line has found 7 matches, and R2 is a 150 day moving average with 3 models. Bollinger Upper Band is among the 2 studies for R3. S1 leads in support with 8 models, and S3 is Price Channel Indicator Lower Line with 3 matches. Standing at a psychological level, S2 sees 2 confirmations.
The Cable is trading in the range limited by R1 of 1 3250 and S1 of 1 3130.
R2 is backed up by a psychological level, a 20 day moving average and 2 other studies. The lowest resistance line has found 3 matches, and R3 is a psychological level with 2 models. Standing at a former 4 year low, S1 sees 8 confirmations. S2 is a psychological level with 4 models, whereas Price Channel Indicator Lower Line is the only match for S3.
Next up is the Dollar/Yen, which finds itself below R1 of 106 and above S1 of 105 40.
Bollinger Upper Band is among the 4 models for R1, and R2 counts Price Channel Indicator Upper Line among its 2 matches. A 100 day moving average is the only model for R3. The highest support line has found 4 matches, whereas the other two lines see a single confirmation each, including a psychological level for S2 and a 20 day moving average for S3.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9840 and S1 of 0 9810.
R1 is the most confirmed resistance line with 11 models. R2 is Price Channel Indicator Upper Line with 4 studies, and Bollinger Upper Band is among the 2 models for R3. Standing near a 150 day moving average, S1 sees 10 confirmations, and S2 is a 50 day moving average with 7 models. Bollinger Lower Band is among the 2 studies for S3.
I’m Sam Meredith and that’s how our in-house model tests out today. Check back in tomorrow for the next overview of the key price levels. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#189256
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