The program reviews intraday support and resistance levels for four major currency pairs.
Broadcast is available every day starting from 6:00 GMT. The bulletin is created for currency traders who prefer to trade on the basis of technical analysis.
The levels are generated by the Dukascopy proprietary model comparing different approaches.
Support and resistance points are calculated using popular technical analysis methods such as:
Pivots, Highs and Lows, Fibonacci Retracements, Demark, Tirone, Ichimoku, Moving Averages, Price Channels and Bollinger Band indicators. Levels that can be calculated using a high number of different methods are considered strong enough to affect the forex market.
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Support and Resistance — February 14th 2012
February 14, 2012 at 14:37
by K. Prabhu
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