31.10.2016 – Support and Resistance by Dukascopy

By | October 31, 2016

You’re watching this week’s first Support and Resistance Level Report. Here’s how our in-house model tests out this Monday morning.
Euro/Dollar has opened higher and now stands between R1 of 1 0990 and S1 of 1 0950.
Standing near a psychological level, R1 sees 7 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, and R2 is a 100 day moving average with 2 studies. The upper two support lines have found 4 matches each, including Price Channel Indicator Lower Line for S2, whereas Bollinger Lower Band is among the 2 models for S3.
The Cable is trading in the range limited by R1 of 1 2210 and S1 of 1 2170.
The lowest resistance line has found 9 matches, and a 20 day moving average is among the 2 models for R2. R3 counts Bollinger Upper Band as its only confirmation. The highest support line has found 5 matches. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another model, and S2 is a psychological level with 2 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 105 and above S1 of 104 50.
R1 is backed up by a psychological level, a 150 day moving average and 2 other models, whereas Price Channel Indicator Upper Line is among the 4 studies for R2. The highest resistance line has found a single match. Standing at a 20 day moving average, S2 is well confirmed with 14 models, and the highest support line has found 6 matches. S3 is a 50 day moving average with 2 studies.
And Dollar/Swiss Franc is down as well, as it now has R1 of 0 99 and S1 of 0 9870.
R2 is the most confirmed resistance line with 17 models, whereas R1 has found 10 matches. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a psychological level and 4 other models. S1 counts a 20 day moving average among its 5 matches. S3 is backed up by Bollinger Lower Band, a 150 day moving average and another model, and S2 is a 50 day moving average with 2 studies.
I’m Jack Everitt and you’ve been watching the Support and Resistance Level Report for Monday, but the trading week is just getting started, so stay with us.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#197658

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *