Hello, traders, this is the Support and Resistance Level Report for Thursday.
First up is the Euro/Dollar, which is currently trading in the range limited by R1 of 1 1280 and S1 of 1 1250.
The lowest resistance line sees 9 confirmations, and R2 has found 4 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. A psychological level is the only model for R3. Standing at a 150 day moving average, S2 has found 6 matches, and the highest support line sees 4 confirmations. S3 is a 50 day moving average with 3 studies.
The Cable has the closest levels of 1 3270 in resistance and 1 3220 in support.
R2 counts a 50 day moving average among its 3 models, and Bollinger Upper Band is among the 2 studies for R3. The lowest resistance line has found a single match. A psychological level is among the 3 studies for S3, and the upper two support lines see 2 confirmations each, including a 20 day moving average for S2.
Dollar/Yen finds itself between R1 of 100 60 and S1 of 100 30.
R2 is a 20 day moving average with 4 studies. The lowest resistance line has found 3 matches, and R3 counts a 50 day moving average as its only model. S1 is the most confirmed support line with 15 studies. S2 is a major psychological level with 11 models, and Price Channel Indicator Lower Line is among the 4 matches for S3.
And Dollar/Swiss Franc stands below R1 of 0 9680 and above S1 of 0 9650.
R2 counts a 20 day moving average among its 5 models. Standing near a 50 day moving average, R3 sees 4 confirmations, whereas the lowest resistance line has found 3 matches. S1 leads in support with 7 studies. S2 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and 3 other models, and S3 counts a psychological level among its 3 matches.
I’m Celeste Skinner and that’s how our in-house model tests out this morning. Stay with us throughout your trading day,
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