It’s time for Thursday’s Support and Resistance Level Report.. Here’s how our in-house model tests out today.
First up is the Euro/Dollar, which currently stands between R1 of 1 1050 and S1 of 1 1010.
R1 leads in resistance with 14 models, and the second line is a 20 day moving average with 3 studies. R3 is backed up by Bollinger Upper Band and a 100 day moving average. Standing near a psychological level, S1 sees 9 confirmations. S3 counts Price Channel Indicator Lower Line among its 5 models, and Bollinger Lower Band is among the 3 studies for S2.
Pound/Dollar has the closest levels of 1 3240 in resistance and 1 32 in support.
Standing at a 20 day moving average, R2 sees 6 confirmations. The lowest resistance line has found 4 matches, and a psychological level is the only model for R3. S2 leads in support with 8 studies, including a former 4 year low. S3 is a psychological level with 3 matches, and the highest support line sees 2 confirmations.
Dollar/Yen finds itself below R1 of 107 40 and above S1 of 106 80.
The lower two resistance lines have found 2 matches each, including Price Channel Indicator Upper Line for R1 and a 100 day moving average for R2, whereas R3 counts a psychological level as its only model. Standing at a 50 day moving average, S2 sees 7 confirmations. S3 is a 20 day moving average with 2 models, and the highest support line has found a single match.
And Dollar/Swiss Franc has the closest levels of 0 9860 in resistance and 0 9830 in support.
R1 is the most confirmed resistance line with 7 models. R2 counts Price Channel Indicator Upper Line among its 6 studies, and Bollinger Upper Band is among the 3 matches for R3. Standing at a 150 day moving average, S1 is well confirmed with no less than 20 studies. S2 is a 50 day moving average with 3 models, and Bollinger Lower Band is among the 2 matches for S3.
You’ve been watching the Support and Resistance Level Report with me, Sam Meredith. Check back in tomorrow for the next overview. Goodbye.
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