You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out today.
Euro/Dollar has seen a rise, as it now stands between R1 of 1 1110 and S1 of 1 1060.
R2 is backed up by a 150 day moving average, Bollinger Upper Band and 2 other studies. The lowest line has found 2 matches, and Price Channel Indicator Upper Line is the only model for R3. S2 is well confirmed with no less than 18 models, including a psychological level, and the highest support line has found 8 matches. S3 counts Price Channel Indicator Lower Line and Bollinger Lower Band among its 5 studies.
The Cable has gained some ground as well, and it has R1 of 1 32 and S1 of 1 3160.
R2 leads in resistance with 7 models, and R1 has found 3 matches. R3 counts Bollinger Upper Band as its only confirmation. Standing at a former 4 year low, S2 has found 10 matches, and S1 counts a 20 day moving average among its 5 studies. S3 is a psychological level with 2 models.
Dollar/Yen currently has the closest levels of 104 90 in resistance and 104 30 in support.
Standing near a 50 day moving average, R2 sees 9 confirmations, and R1 counts a psychological level among its 5 studies. Price Channel Indicator Upper Line is among the 2 models for R3. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and another model. The highest support line has found 2 matches, and S2 is a 20 day moving average with a single confirmation.
And Dollar/Swiss Franc has seen a drop, which leaves it below R1 of 0 9880 and above S1 of 0 9850.
R1 is the most confirmed resistance line with 8 models. Price Channel Indicator Upper Line is among the 4 studies for R2, and R3 is an important psychological level with 3 matches. S1 leads in support with 13 models, and S2 is a 150 day moving average with 11 studies. Bollinger Upper Band is among the 2 matches for S3.
I’m Kiays Khalil and you’ve been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow for this week’s last report. Goodbye.
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