It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.
Euro/Dollar has opened higher, and it now stands between R1 of 1 0680 and S1 of 1 0640.
The lower two resistance lines see 2 confirmations each, including a 20 day moving average for R2, whereas a 50 day moving average is the only model for R3. S1 leads in support with 11 models. S2 is backed up by Price Channel Indicator Lower Line, a 12 month low and another model, and Bollinger Lower Band is among the 2 studies for S3.
The Cable has the closest levels of 1 2530 in resistance and 1 2490 in support.
The lowest resistance line has found 2 matches, and Price Channel Indicator Upper Line is among the 2 models for R2. R3 is a 100 day moving average with a single confirmation. Standing at a 20 day moving average, S2 has found 10 matches. S1 is backed up by a 50 day moving average, a psychological level and 3 other models, and Bollinger Lower Band is the only confirmation for S3.
Dollar/Yen is trading in the range limited by R1 of 112 20 and S1 of 111 40.
Price Channel Indicator Upper Line is among the 4 models for R2, while the lowest resistance line sees 3 confirmations. R3 is a psychological level with a single match. S2 leads in support with 4 models, and the other two support lines see a single confirmation each, namely, a former 6 month high for S1 and a psychological level for S3.
And Dollar/Swiss Franc has been inching lower, as it finds itself between R1 of 1 0110 and S1 of 1 0080.
R1 leads in resistance with 14 models, and Price Channel Indicator Upper Line is among the 4 studies for R2. R3 counts Bollinger Upper Band among its 2 matches. S2 is backed up by a major psychological level, a 6 month high and 7 other models. The highest support line sees 7 confirmations, and S3 is a 50 day moving average with 2 matches.
I’m ____ and that’s how our in-house model tests out today. Stay with us throughout your trading day.
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