23.08.2016 – Support and Resistance by Dukascopy

By | August 23, 2016

Let’s find out where the Support and Resistance levels stand this Tuesday morning.
Euro/Dollar has inched higher, and it now stands between R1 of 1 1360 and S1 of 1 1320.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models, and a psychological level is among the 2 studies for R2. Standing at a 6 month high, R3 sees 2 confirmations. S1 leads in support with 6 studies, and S3 is a 50 day moving average with 5 models. A 100 day moving average is among the 3 matches for S2.
The Cable is currently trading in the range limited by R1 of 1 3180 and S1 of 1 3110.
R3 is confirmed by Price Channel Indicator Upper Line, a 50 day moving average and 3 other models, and the lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2. Standing near a psychological level, S2 sees 5 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, and S1 counts a 20 day moving average among its 2 models.
Dollar/Yen finds itself below R1 of 100 30 and above S1 of 100.
R1 is the most confirmed resistance line with 8 models, and the second line has found 5 matches. Standing at a 20 day moving average, R3 sees 2 confirmations. S1 is well supported with 11 models, including a major psychological level, and S2 is a 2 year low with 4 matches. Bollinger Lower Band is among the 2 studies for S3.
And Dollar/Swiss Franc has the closest levels of 0 9630 in resistance and 0 9590 in support.
R1 leads in resistance with 10 studies, and R2 is a 100 day moving average with 8 models. R3 counts Price Channel Indicator Upper Line among its 3 matches. S2 sees 5 confirmations, including Price Channel Indicator Lower Line and Bollinger Lower Band. S1 has found 3 matches, and S3 is another psychological level with 2 models.
So that’s how our in-house model tests out today. I’m Celeste Skinner Stay with Dukascopy TV throughout your trading day.

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