20.06.2016 – Support and Resistance by Dukascopy

By | June 20, 2016

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.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#186978

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