Forex Videos

Doireann McDermott speaks about the support and resistance level report in this video. The support levels for EUR/USD pair are S1: 1.2590, S2: 1.2560and S3: 1.2500. The resistance levels are R1: 1.2620, R2: 1.2660and R3: 1.2730. EUR/USD has its closest levels of R1 and S1. R1 leads in resistance with 9 matches including a previous 12 month low. R2 has Bollinger lower band among its 3 confirmations. R3 has found a single match. S2 is a phsycological level, S3 has 7 confirmations and S1 sees 3 matches. The support levels for GBP/USD pair are S1: 1.5680, S2: 1.5550and S3: 1.5490. The resistance levels are R1: 1.5710, R2: 1.5740and R3: 1.5780. The Cable is below R1 and S1 levels. R2 is backed up by 150 day Moving Average and 3 other studies. R1 and R3 have found 3 matches each and R3 is near Bollinger upper band. S2 leads in suppport with 11 confirmations including 20 day Moving Average, S3 sees 8 matches including a phsycological level and S1 has 2 confirmations. The support levels for USD/JPY pair are S1: 78.90, S2: 78.60and S3: 78.20. The resistance levels are R1: 79.20, R2: 79.50and R3: 80.00. USD/JPY is trading in the range limited by R1 and S1 leVels. R2 is well confirmed with 18 matches including 150 day Moving Average and a previous 3 month low. R1 has 20 day Moving Average among its 12 confirmations and R3 is backed up by phsycological level, Price channel indicator upper line, 50 day Moving Average and 2 other models. S1 and S2 have found 4 matches each. S3 has Bollinger lower band among its 2 confirmations. The support levels for USD/CHF pair are S1: 0.9520, S2: 0.9470and S3: 0.9420. The resistance levels are R1: 0.9550, R2: 0.9590and R3: 0.9620. USD/CHF is currently between R1 and S1 levels. R1 leads in resistance with 10 confirmations. R2 has a match with 20 day Moving Average, 12 month high and 3 other alternative studies. R3 sees 5 confirmations. S1 has found 7 matches. S2 has 3 confirmations including Bollinger lower band. S3 sees a single match.