Good morning traders, the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar has inched slightly lower, and it stands below R1 of 1 1150 and above S1 of 1 1120.
R2 is a 150 day moving average with 9 models, and the lowest resistance line has found 4 matches. Bollinger Upper Band is among the 2 studies for R3. S1 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 5 other models, whereas S3 is a 3 month low with 2 studies. S2 counts a psychological level as its only match.
Pound/Dollar has the closest levels of 1 30 in resistance and 1 2950 in support.
Standing at a 20 day moving average, R3 sees 5 confirmations, whereas R1 is a psychological level with 4 matches. R2 is a 50 day moving average with 2 studies. Standing at a 4 year low, S3 sees 6 confirmations, and Price Channel Indicator Lower Line is among the 2 studies for S1. The second line has found 2 matches.
Dollar has risen against the Yen, and the pair now has R1 of 102 80 and S1 of 102 50.
The lowest resistance line has found 2 matches, whereas the upper two lines see a single confirmation each, including Bollinger Upper Band for R2 and a 100 day moving average for R3. S1 is well supported with 11 studies, including a 50 day moving average, and S2 is a 20 day moving average with 9 matches. Bollinger Lower Band is among the 2 models for S3.
And Dollar/Swiss Franc finds itself between R1 of 0 9820 and S1 of 0 9790.
R1 leads in resistance with 6 models, and Bollinger Upper Band is among the 3 studies for R2. R3 is a psychological level with 2 matches. Standing near a 150 day moving average, S2 is well confirmed with 15 studies, and the highest support line has found 7 matches. Bollinger Lower Band is among the 3 models for S3.
I’m Jessica Walker and that’s how our in-house model tests out this morning. Stay with us throughout your trading day.
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