Support and Resistance

Support and Resistance

Hello, I'm Sinead MacLaughlin with the Support and Resistance Level Report for Wednesday. Here's how our in-house model tests out today.br EuroDollar has inched lower still, and it now stands between R1 of 1 0660 and S1 of 1 0630.br The lowest resistance line has found 6 studies, and R2 is a 20 day moving average with 2 models. R3 counts a psychological level as its only match. Standing at a 4 year low, S3 sees 4 confirmations, and Price Channel Indicator Lower Line is among the 3 models for S1. S2 counts Bollinger Lower Band among its 2 studies.br Next up is the Cable, which is trading in the range limited by R1 of 1 5220 and S1 of 1 5190.br R1 leads in resistance with 12 studies, and R2 is a 20 day moving average with 3 models. A 100 day moving average is among the 2 matches for R3. Standing at a 3 month low, S2 sees 8 confirmations, and the highest support line has found 7 matches. S3 counts Bollinger Lower Band among its 3 studies.br DollarYen has the closest levels of 123 30 in resistance and 123 in support.br R1 is the most confirmed resistance line with 14 models, and Price Channel Indicator Upper Line is among the 7 studies for R2. R3 counts Bollinger Upper Band among its 3 models. S1 leads in support with 8 confirmations, and S2 is a 150 day moving average with 5 studies. S3 counts a 50 day moving average as its only match.br And DollarSwiss Franc is on the rise, as it now stands below R1 of 1 0170 and S1 of 1 0140.br The upper and lower resistance lines have found 4 matches each, including Price Channel Indicator Upper Line for R1 and a 4 year high for R3. Bollinger Upper Band is among the 3 studies for R2. Standing at a 5 month high, S3 sees 7 confirmations, and S2 is an important psychological level with 5 models. The highest support line has found 2 matches.br That's all for Wednesday's Support and Resistance Level Report. Check back in tomorrow when the next one will be available. Goodbye.


User: Dukascopystudio

Views: 6

Uploaded: 2015-11-18

Duration: 02:31