Support and Resistance

The Dukascopy TV team is here with this week's last Support and Resistance Level Report. Here's how our in-house model tests out. We start with traders' favourite pair, the Euro/Dollar, which has R1 of 1 1930 and S1 of 1 19. R1 leads in resistance with 8 models. R3 is backed up by Bollinger Upper Band, a 2 year high and 5 other studies, and R2 is a psychological level with 4 confirmations... Еще. Standing at a 20 day moving average, S1 has found 10 matches, and Price Channel Indicator Lower Line is among the 3 models for S3. S2 is a 50 day moving average with 2 models. The Cable had a notable jump yesterday, and it's now between R1 of 1 3440 and S1 of 1 3320. R2 is a psychological level with 2 confirmations, while the other two resistance lines have found a single match each, namely, a 12 month high for R1 and a psychological level for R3. S2 leads in support with 6 studies, while the highest support line has found 4 matches. S3 is confirmed by a 50 day moving average, a psychological level and another model. Dollar/Yen has the closest levels of 110 50 in resistance and 110 20 in support. Standing at a 50 day moving average, R1 sees 7 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average, Bollinger Upper Band and 3 other studies, and a 150 day moving average is the only match for R3. S2 is a 20 day moving average with 9 models, and the highest support line sees 4 confirmations. S3 is supported by a 6 month low and Bollinger Lower Band. And Dollar/Swiss Franc stands below R1 of 0 9650 and above S1 of 0 9610. The lowest resistance line has found 5 matches, and Price Channel Indicator Upper Line is among the 4 studies for R3. Standing at a 100 day moving average, R2 sees 2 confirmations. S2 is the most confirmed support line with 12 models, and S1 is a 50 day moving average with 8 studies. A psychological level is among the 4 matches for S3. I'm Celeste Skinner and this was the Support and Resistance Level Report for Friday. Stay with Dukascopy TV for the latest in forex markets.

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