It's time for this week's last Support and Resistance Level Report. I'm Jessica Walker and here's how our in-house model tests out this Friday.
Euro/Dollar has recovered some ground, and it now stands between R1 of 1 0810 and S1 of 1 0770.
Standing at a 3 month low, R2 sees 5 confirmations. R3 is backed up by a psychological level, a 20 day moving average and 2 other models, and R1 is a 6 month low with a single match. S1 leads in support with 5 studies, and S3 is a 4 year low with 3 models. Price Channel Indicator Lower Line is the only confirmation for S2.
Next up is the Pound/Dollar, which is trading in the range limited by R1 of 1 5220 and S1 of 1 5190.
R3 counts a 150 day moving average among its 8 models, and the lowest resistance line has found 5 matches. R2 is a 50 day moving average with 3 confirmations. Standing at a 3 month low, S2 sees 8 confirmations. S3 is Price Channel Indicator Lower Line with 4 studies, and the highest support line has found 3 matches.
Dollar/Yen has edged lower and it currently stands below R1 of 122 90 and above S1 of 122 60.
R2 counts Bollinger Upper Band among its 9 confirmations. R1 is backed up by 7 studies, and a psychological level is the only match for R3. S2 is a 150 day moving average with 7 confirmations, and S3 counts a 20 day moving average among its 6 studies. The highest support line has found 3 matches.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 1 0030 and S1 of 1.
R1 is the most confirmed resistance line with 11 studies, and Price Channel Indicator Upper Line is among the 3 models for R2. R3 counts Bollinger Upper Band as its only match. S2 is well confirmed with 11 models, including a 6 month high, and S1 counts a psychological level among its 3 studies. S3 is a 20 day moving average with 2 confirmations.
You've been watching the support and resistance level report for Friday. Check back in on Monday for the next overview of the key price levels. See you then.
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