24.10.2016 – Support and Resistance by Dukascopy

By | October 24, 2016

Good Monday morning, traders, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 0890 and S1 of 1 0860.
R2 is a psychological level with 7 models, and R3 is a 20 day moving average with 4 matches. The lowest resistance line sees 2 confirmations. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, whereas the other two support lines have found a single match each, including a 12 month low for S3.
The Cable has the closest levels of 1 2230 in resistance and 1 2180 in support.
The lowest resistance line has found 7 models, and R2 sees 6 confirmations. R3 is a 20 day moving average with 2 matches. S1 is the most confirmed support line with 8 studies, and S2 is a psychological level with 2 models. Price Channel Indicator Lower Line is among the 2 models for S3.
Dollar/Yen finds itself below R1 of 104 and above S1 of 103 70.
R1 leads in resistance with 11 models, and Price Channel Indicator Upper Line is among the 2 studies for R2. R1 is a 150 day moving average with 2 matches. S1 is the most confirmed support line with 9 models, and S2 is a 100 day moving average with 2 studies. Bollinger Lower Band is the only confirmation for S3.
And Dollar/Swiss Franc stands between R1 of 0 9960 and S1 of 0 9930.
R1 is well confirmed with 11 studies, including Price Channel Indicator Uppr Line. R2 is backed up by a psychological level, Bollinger Upper Band and 3 other models, and R3 sees a single confirmation. The highest support line has found 7 matches. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, whereas S2 is a 20 day moving average with 2 matches.
I’m Jessica Walker and that’s how our in-house model tests out today, but there’s plenty of news coming up, so stay with us.

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