You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has regained some ground, and it now stands between R1 of 1 1360 and S1 of 1 13.
The lowest resistance line has found 5 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, and a psychological level is the only model for R3. Standing at a 50 day moving average, S1 sees 7 confirmations, and a 100 day moving average is among the 6 studies for S2. S3 is supported by a 150 day moving average, Price Channel Indicator Lower Line and 3 other models.
Pound/Dollar is up ahead of today’s EU referendum, and it has R1 of 1 4840 and S1 of 1 4770.
Price Channel Indicator Upper Line is among the 2 studies for R1, whereas the upper two resistance lines see a single confirmation each, and they are both psychological levels. S1 is a 3 month high with 3 matches. S3 is confirmed by Price Channel Indicator Lower Line, a psychological level and another model, whereas another psychological level is the only match for S2.
Dollar/Yen has been moving in waves, but it currently finds itself below R1 of 105 and above S1 of 104 60.
R2 is a former 12 month low with 6 matches, and R1 is a psychological level with 3 models. A 20 day moving average is among the 3 studies for R3. S1 leads in support with 9 models, and S2 is Price Channel Indicator Lower Line with 2 matches. Bollinger Lower Band is among the 2 studies for S3.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9610 and S1 of 0 9560.
The lowest resistance line has found 5 matches, and R2 counts a 50 day moving average among its 3 models. R3 is a 100 day moving average with 2 studies. Price Channel Indicator Lower Line is among the 4 models for S1, whereas S3 is a 6 month low with 4 matches. A psychological level is among the 2 studies for S2.
I’m Lucy Palfreeman and you’ve been watching the Support and Resistance Level Report. Stay with Dukascopy TV for all things Forex. Goodbye for now.
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