Good morning, traders, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report.
Euro/Dollar is trading in the range limited by R1 of 1 1680 and S1 of 1 1640.
Price Channel Indicator Upper Line is among the 5 studies for R1, and R2 is a 2 year high with 3 confirmations. The highest resistance line has found a single match. S1 leads in resistance with 8 models, and S3 is a former 12 month high with 7 confirmations. S2 counts a psychological level among its 4 studies.
The Cable has been moving in waves, but it now has R1 of 1 3040 and S1 of 1 30.
Standing near a former 6 month high, R1 is well confirmed with 11 models. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and the second line has found 3 matches. S2 counts a 20 day moving average among its 9 studies, and a psychological level is among the 5 models for S1. S3 is a 50 day moving average with 3 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 111 40 and S1 of 111.
R3 is a 150 day moving average with 9 studies, and R2 counts a 100 day moving average among its 8 matches. The lowest resistance line sees a single confirmation. S1 has found 6 matches, including Price Channel Indicator Lower Line and Bollinger Lower Band, whereas S3 counts a 6 month low among its 2 confirmations. S2 is a psychological level with a single confirmation.
And Dollar/Swiss Franc has the closest levels of 0 9490 in resistance and 0 9440 in support.
R3 counts a 20 day moving average among its 10 technicals, while R2 is a former 12 month low with 9 models. Standing near a psychological level, R1 has found 4 matches. S1 counts Price Channel Indicator Lower Line among its 3 studies, and the second line sees 2 confirmations. A 2 year low is the only match for S3.
This article was originally posted on FX Empire
More From FXEMPIRE:
-
Comex High Grade Copper Price Futures (HG) Technical Analysis – Sustained Move Over $2.7345 Bullish
-
Comex High Grade Copper Price Futures (HG) Technical Analysis – July 20, 2017 Forecast
-
Comex High Grade Copper Price Futures (HG) Technical Analysis – July 18, 2017 Forecast
-
Comex High Grade Copper Price Futures (HG) Technical Analysis – July 17, 2017 Forecast