26.09.2016 – Support and Resistance by Dukascopy

By | September 26, 2016

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 1250 and S1 of 1 1210.
The lowest resistance line has found 8 matches, and Bollinger Upper Band is among the 3 studies for R2. R3 is Price Channel Indicator Upper Line with 2 models. Standing at a 150 day moving average, S1 sees 12 confirmations, and S2 is a 50 day moving average with 9 matches. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other studies.
The Cable has the closest levels of 1 2990 in resistance and 1 2950 in support.
Standing near a psychological level, R1 sees 8 confirmations. R3 is a 20 day moving average with 4 models, and a 50 day moving average is among the 2 matches for R2. S3 is a 4 year low with 5 studies, and S2 has found 4 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band. The highest support line sees a single confirmation.
Dollar/Yen finds itself between R1 of 101 10 and S1 of 100 70.
R3 counts a 50 day moving average among its 10 models, and a 20 day moving average is among the 4 studies for R2. The lowest resistance line has found 3 matches. S1 is Bollinger Lower Band with 9 confirmations. S2 is backed up by a very important psychological level, Price Channel Indicator Lower Line and 3 other models, whereas S3 is a 2 year low with 5 matches.
And Dollar/Swiss Franc stands below R1 of 0 9720 and above S1 of 0 9680.
R2 is well confirmed with 11 models, including a 150 day moving average. The lowest resistance line has found 8 matches, and R3 is Bollinger Upper Band with 4 studies. S1 counts Bollinger Lower Band among its 6 matches, whereas the other two support lines see 2 confirmations each, including Price Channel Indicator Lower Line for S2 and a psychological level for S3.
I’m Celeste Skinner and that’s how our in-house model tests out today. Stay with us throughout your trading day.

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