Support and Resistance

Support and Resistance

It's a new trading week, and the Dukascopy TV team is back with another edition of the Support and Resistance Level Report. I'm Louise McCauleybr EuroDollar saw a sharp drop on Friday, and it has stood between R1 of 1 0810 and S1 of 1 0710 since that.br R2 is the most confirmed resistance line with 5 models, and R3 is an important psychological level with 4 studies. Standing at a 6 month low, R1 has found 2 matches. S1 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models. S3 is a 4 year low with 3 confirmations, and S2 counts a psychological level as its only match.br The Cable is down as well, and it is currently trading in the range limited by R1 of 1 5090 and S1 of 1 5030.br Standing near a 50 day moving average, R2 has found 7 matches. R3 is backed up by Price Channel Indicator Upper Line, a psychological level and 3 other models, and R1 is a 6 month low with 3 confirmations. S1 counts Price Channel Indicator Lower Line among its 3 studies, and S3 is a 4 year low with 3 models. The second line has found a single match.br DollarYen has seen a rise, which puts it below R1 of 123 70 and above S1 of 122 70.br R3 is a 4 year high with 4 confirmations, and the second line counts a 3 month high among its 2 models. The lowest resistance line has found a single match. Standing at a 20 day moving average, S3 sees 9 confirmations, and S2 is a 100 day moving average with 5 matches. The highest line is supported by a single model.br And DollarSwiss Franc has risen above parity, as it now has R1 of 1 0090 and S1 of 1.br R1 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other models, and R3 is a 4 year high with 4 matches. The second line has found a single match. Standing at a 6 month high, S2 is well confirmed with 10 studies. Standing at the very important psychological level of parity, S1 has found 3 matches, and S3 counts a 20 day moving average as its only confirmation.br You've been watching the Support and Resistance Level Report for Monday, but we'll be right back tomorrow to cover the latest developments, so do check back.


User: Dukascopystudio

Views: 1

Uploaded: 2015-11-09

Duration: 02:46