Let’s see where the Support and Resistance levels stand this Thursday morning.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1130 and S1 of 1 1070.
Standing at a 150 day moving average, R1 sees 3 confirmations, and Price Channel Indicator Upper Line is among the 3 models for R3. The second line is a 100 day moving average with 2 matches. S1 leads in support with 6 confirmations, and S2 counts Bollinger Lower Band among its 4 studies. Price Channel Indicator Lower Line is among the 3 models for S3.
Pound/Dollar has inched lower, and it now has R1 of 1 35 and S1 of 1 3370.
R3 is a former 4 year low with 5 models. The second line has found 3 matches, and R1 is a psychological level with 2 confirmations. S2 counts Bollinger Lower Band among its 4 studies. The highest support line has found 3 matches, and Price Channel Indicator Lower Line is the only model for S3.
Dollar/Yen finds itself below R1 of 103 and S1 of 102 60.
The lowest resistance line has found 3 matches, and R2 sees 2 confirmations. R3 counts a 20 day moving average as its only model. S1 is the most confirmed support line with 7 studies, and S3 is a major psychological level with 3 matches. Bollinger Lower Band is among the 2 models for S2.
And Dollar/Swiss Franc is trading between R1 of 0 9820 and S1 of 0 9780.
R1 counts a 150 day moving average among its 7 models. R2 is Bollinger Upper Band with 3 studies, and Price Channel Indicator Upper Line is among the 2 matches for R3. Standing at a 100 day moving average, S2 sees 7 confirmations, and the highest support line has found 6 matches. S3 is a 20 day moving average with 3 studies.
I’m Celeste Skinner and that’s how our in-house model tests out today. Stay with us for our ongoing coverage of the forex markets.
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