21.10.2016 – Support and Resistance by Dukascopy

By | October 21, 2016

You’re watching this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out this Friday.
Euro/Dollar has moved to new lows, and it currently has R1 of 1 0920 and S1 of 1 0880.
Standing at a psychological level, R2 sees 6 confirmations. R1 counts a 6 month low among its 5 matches, and R3 is a 20 day moving average with 4 models. S3 is a 12 month low with 2 studies, and the other two support lines see a single confirmation each.
The Cable has the closest levels of 1 2250 in resistance and 1 2220 in support.
The lowest resistance line has found 6 matches, and R3 is a 20 day moving average with 2 models. R2 counts a psychological level as its only confirmation. S1 leads in support with 6 studies, and S2 is a psychological level with 2 models. S3 is backed up by Price Channel Indicator Lower Line and Bollinger Lower Band.
Dollar/Yen finds itself below R1 of 104 and above S1 of 103 70.
R1 leads in resistance with 10 studies, and Price Channel Indicator Upper Line is among the 4 models for R2. Bollinger Upper Band is the only match for R3. The highest support line sees 10 confirmations. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 2 other studies, and S2 is a 100 day moving average with 2 models.
And Dollar/Swiss Franc has moved higher, as it now stands between R1 of 0 9960 and S1 of 0 9910.
R1 counts Bollinger Upper Band among its 6 studies, whereas the other two resistance lines have found 2 matches each, including a major psychological level for R2. S1 is the most confirmed support line with 11 models, and S2 counts a 150 day moving average among its 4 matches. Price Channel Indicator Lower Line is among the 3 studies for S3.
I’m Jessica Walker and this was the Support and Resistance Level Report for Friday. We’ll be back on Monday, but until then, goodbye.

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