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Support and Resistance

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Support and Resistance

D
Dukascopystudio

2 Views • Nov 12, 2015

Description

Hello, you're watching the Support and Resistance Level Report for Thursday. I'm Sinead MacLaughlin and here's how our in-house model tests out today.
Euro/Dollar has been moving in waves, and it now stands between R1 of 1 0780 and S1 of 1 0740.
Standing near a 3 month low, R3 sees 7 confirmations, and the lowest resistance line has found 4 matches. R2 is a 6 month low with 3 models. S1 leads in support with 5 studies, and S3 is a 4 year low with 3 confirmations. Bollinger Lower Band is among the 2 models for S2.
Pound/Dollar has been inching higher, and it currently has R1 of 1 5260 and S1 of 1 5210.
R3 is a 150 day moving average with 5 studies, and the lowest resistance line has found 3 matches. R2 counts a 50 day moving average among its 2 models. Standing at a 3 month low, S2 sees 7 confirmations, and Price Channel Indicator Lower Line is among the 4 studies for S3. The highest support line has found 3 matches.
Next up is the Dollar/Yen, which is trading in the range limited by R1 of 123 and S1 of 122 70.
R2 is well confirmed with 11 studies, including Bollinger Upper Band, and the lowest resistance line has found 7 matches. Price Channel Indicator Upper Line is among the 4 models for R3. S2 counts a 150 day moving average among its 8 confirmations, and S3 is a 20 day moving average with 5 studies. The highest support line has found 3 matches.
And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 1 0040 and above S1 of 1 0010.
R1 is the most confirmed resistance line with 12 models, and Price Channel Indicator Upper Line is among the 4 studies for R2. B3 is Bollinger Upper Band with 2 matches. S2 leads in support with 11 studies, including a 6 month high, and S1 counts a psychological level among its 6 confirmations. S3 is a 20 day moving average with 2 models.
You've been watching the Support and Resistance Level Report for Thursday. Check back in tomorrow for the next overview. Goodbye.