You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar is probing new lows, as it currently stands between R1 of 1 0570 and S1 of 1 0530.
R3 is backed up by a 20 day moving average, a former 6 month low and 4 other models, and the second support line sees 4 confirmations. R1 has found 2 matches. S1 is supported by 3 models, including Price Channel Indicator Lower Line and a 12 month low. S3 counts a 4 year low among its 3 models, and Bollinger Lower Band is among the 2 matches for S2.
The Cable is trading in the range limited by R1 of 1 2450 and S1 of 1 2410.
The lowest resistance line has found 5 matches, and R2 is a psychological level with 5 models. Bollinger Upper Band is among the 2 studies for R3. Standing near a 20 day moving average, S1 has found 8 matches, and S2 sees 3 confirmations. S3 counts Bollinger Lower Band among its 2 studies.
Dollar/Yen has inched higher, and it now has R1 of 113 and S1 of 112 10.
Price Channel Indicator Upper Line is among the 2 studies for R1, and the other two resistance lines see a single confirmation each, including a psychological level for R3. S2 is a psychological level with 2 matches, and S3 counts a 20 day moving average among its 2 models. The highest support line sees a single confirmation.
And Dollar/Swiss Franc finds itself below R1 of 1 02 and above S1 of 1 0150.
Standing at a 4 year high, R2 sees 3 confirmations, and Bollinger Upper Band is among the 2 matches for R1. A psychological level is the only match for R3. S2 is supported by a 6 month high, a psychological level and 7 other models. S3 is a 20 day moving average with 2 studies, and the highest support line has found a single match.
I’m _______ and you’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.
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