You're watching another edition of Support and Resistance Level Report. Here's how our in-house model tests out. Euro/Dollar is on the rise and now stands
You’re watching another edition of Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar is on the rise and now stands between R1 of 1 1940 and S1 of 1 1910. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, while R3 is a 2 year high with 5 studies. R2 counts a psychological level among its 2 matches. Standing at a 20 day moving average, S2 sees 8 confirmations, and S3 is a 50 day moving average with 5 models. The highest support line has found 4 matches.
The Cable is up as well, currently trading below R1 of 1 3450 and above S1 of 1 3420. The lowest resistance line has found 4 matches, and Price Channel Indicator Upper Line is among the 3 studies for R3. R2 is confirmed by Bollinger Upper Band and a psychological level. S2 is well supported with 16 technicals, including a 20 day moving average, and S1 has found 4 matches. S3 is backed up by Bollinger Lower Band, a 50 day moving average and another model.
Dollar/Yen has taken a hit, and it has the closest levels of 113 in resistance and 112 70 in support. R2 leads in resistance with 18 models, and R1 is a 50 day moving average with 8 studies. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other technicals.
The highest support line has found 9 matches, and S2 counts Bollinger Lower Band among its 4 models. S3 is a 150 day moving average with 2 confirmations.
And Dollar has also declined against the Swissie, as the pair now has R1 0 9850 and S1 of 0 9820. Standing at a 20 day moving average, R2 is well confirmed with 17 models. The lowest resistance line has found 9 matches, and Bollinger Upper Band is among the 2 studies for R3. S1 leads in support with 4 confirmations, and S2 is a 100 day moving average with 3 studies. Price Channel Indicator Lower Line is among the 2 models for S3.