20.10.2016 – Support and Resistance by Dukascopy

By | October 20, 2016

Good morning traders, it’s another exciting trading day, and the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 0990 and S1 of 1 0950.
Standing near a psychological level, R1 sees 10 confirmations, and R2 is a 20 day moving average with 3 models. The highest resistance line has found a single match. S1 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 5 other models, and S2 is a 6 month low with 2 matches. The lowest support line sees a single confirmation.
The Cable has the closest levels of 1 2290 in resistance and 1 2250 in support.
The lowest resistance line has found 7 matches. Standing at a former 4 year low, R3 sees 5 confirmations, and R2 is a psychological level with 2 models. The highest support line has found 4 matches, and S3 is backed up by Bollinger Lower Band and Price Channel Indicator Lower Line. The second line counts a psychological level as its only confirmation.
Dollar/Yen has inched higher and now has R1 of 103 80 and S1 of 103 50.
R1 leads in resistance with 16 matches, and R2 counts Price Channel Indicator Upper Line among its 3 studies. R3 is backed up by Bollinger Upper Band, a 150 day moving average and another model. S1 is the most confirmed support line with 4 models, and S2 is a 100 day moving average with 3 matches. A 50 day moving average is the only study for S3.
And Dollar/Swiss Franc has spent the last few days between R1 of 0 9910 and S1 of 0 9880.
R1 is well confirmed with 14 models, including Price Channel Indicator Upper Line. R2 counts Bollinger Upper Band among its 5 studies, and R3 is a major psychological level with 2 matches. S1 leads in support with 18 models, and S2 counts a 150 day moving average among its 3 matches. Price Channel Indicator Lower Line is among the 2 studies for S3.
I’m Celeste Skinner and that’s how our in-house model tests out this Thursday morning. Stay with us throughout your day.

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