Forex Videos

Monica Gibson speaks about the support and resistance level report in this video. The support levels for EUR/USD pair are S1: 1.2500, S2: 1.2470and S3: 1.2290. The resistance levels are R1: 1.2530, R2: 1.2580and R3: 1.2620. EUR/USD is trading in the range limited by R1 and S1. R1 and R2 have 10 and 6 matches respectively. R3 is a 12 month high with a total of 4 confirmations. S2 leads in support with 5 matches, S3 is backed up by Price channel indicator lower line, Bollinger lower band and 2 other studies. S1 is a phsycological level with a total of 3 confirmations. The support levels for GBP/USD pair are S1: 1.5370, S2: 1.5340and S3: 1.5280. The resistance levels are R1: 1.5400, R2: 1.5450and R3: 1.5500. The Cable is currently between R1 and S1 levels. R1, R2 and R3 have 3 confirmations each and R3 is a phsycological level. S1 has found 7 matches including a 3 month low. S3 is confirmed by Bollinger lower band, Price channel indicator lower line and 2 other models. S2 sees 3 matches. The support levels for USD/JPY pair are S1: 78.30, S2: 78.00and S3: 77.70. The resistance levels are R1: 78.60, R2: 79.10and R3: 79.50. USD/JPY is below R1 and S1. R3 is well confirmed with 17 matches including 20 day Moving Average and a previous 3 month low. R2 and R1 have found 6 confirmations each and R2 is near 150 day Moving Average. S1 leads in support with 9 matches including Bollinger lower bands and S3 has a price channel indicator lower line and S2 sees 4 matches. The support levels for USD/CHF pair are S1: 0.9580, S2: 0.9540and S3: 0.9500. The resistance levels are R1: 0.9610, R2: 0.9670and R3: 0.9770. USD/CHF has its closest levels of R1 and S1. R1 leads in resistance with 6 matches. R2 sees 4 confirmations. R3 is backed up by Price channel indicator lower line, Bollinger lower band and 2 other alternative studies. S1 is well confirmed with 11 matches including a 12 month high. S2 sees 7 confirmations and S3 has a match with phsycological level.