23.09.2016 – Support and Resistance by Dukascopy

By | September 23, 2016

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out today.
First up is the Euro/Dollar, which stands between R1 of 1 1210 and S1 of 1 1170.
Standing at a 150 day moving average, R1 sees 9 confirmations, and Bollinger Upper Band is among the 4 models for R2. R3 is Price Channel Indicator Upper Line with 2 studies. Standing at a 50 day moving average, S1 has found 10 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and S3 counts a psychological level as its only study.
The Cable is trading in the range limited by R1 of 1 3060 and S1 of 1 3010.
A 20 day moving average is among the 7 models for R3, and R2 is a 50 day moving average with 3 matches. The lowest resistance line sees 2 confirmations. S3 is a 4 year low with 5 models, and S1 counts a psychological level among its 4 studies. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and another technical.
Dollar/Yen has the closest levels of 101 30 in resistance and 100 90 in support.
R2 is the most confirmed resistance line with 7 models, and R1 sees 2 confirmations. Bollinger Upper Band is the only match for R3. S3 is a 2 year low with 5 matches, and the upper two support lines see 4 confirmations each, including Bollinger Lower Band for S1 and Price Channel Indicator Lower Line and a psychological level for S2.
And Dollar/Swiss Franc finds itself below R1 of 0 9730 and above S1 of 0 9690.
R1 leads in resistance with 13 models, and R2 counts a 150 day moving average among its 8 matches. Bollinger Upper Band is among the 3 studies for R3. Bollinger Lower Band is among the 4 models for S1, and S2 counts Price Channel Indicator Lower Line among its 3 matches. S2 is a psychological level with 2 studies.
I’m Kiays Khalil and you’ve been watching the Support and Resistance Level Report for Friday. We’ll be back on Monday, but until then, goodbye.

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