It’s a new trading week, and the Dukascopy TV team brings you a fresh Support and Resistance Level Report.
Euro/Dollar stands between R1 of 1 1410 and S1 of 1 13.
First line leads in resistance with 6 confirmations and it’s both a Bollinger upper band and a price channel indicator upper line. R3 is a 6 month high with a total of 3 confirmations. R2 has a psychological level among its 2 matches. S1 leads in support with 9 confirmations, including a 50 day moving average. S2 and S3 both have 5 matches. S2 is a 100 day moving average and S3 is backed up by a 150 day moving average and a price channel indicator lower line.
The Cable trades in the range limited by R1 of 1 4740 and S1 of 1 45.
R1 is a price channel indicator upper line. R2 and R3 both are psychological levels. S1 has a psychological level and a 150 day moving average among its 5 confirmations. S3 is backed up by a psychological level, price channel indicator lower line and a weekly low. A Bollinger lower band is one of the 2 matches for S2.
Dollar/Yen has the closest levels of 105 in resistance and 103 90 in support.
R2 used to be a 12 month low and it’s backed up by a total of 6 models. R1 is a psychological level with a total of 2 matches and only a 20 day moving average is near R3. S1 and S2 both have 3 confirmations. The first line a Bollinger lower band and S2 is a price channel indicator lower line. A 2 year low is one of the 2 confirmations for S3.
And last up is the Dollar/Swiss Franc, which finds itself below R1 of 0 9630 and above S1 of 0 9570.
R1 leads in resistance with 10 confirmations and it’s a 10 day moving average. R3 and R2 have 3 and 2 matches respectively. The highest line is a 20 day moving average and R2 is a 50 day moving average. S1 and S3 both have 4 confirmations. S1 is backed up by a price channel indicator lower line and S3 is a 6 month low. S2 has a psychological level and a Bollinger lower band among its 3 matches.
I’m Lucy Palfreeman and you’ve been watching the Support and Resistance Level Report for Monday. We’ll be back tomorrow with the next overview, but for now goodbye.
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