You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
Euro/Dollar is trading in the range limited by R1 of 1 0980 and S1 of 1 0940.
R1 leads in resistance with 10 studies. R2 is backed up by a 20 day moving average, a psychological level and another model, and R3 counts a 100 day moving average among its 3 matches. S2 is supported by Price Channel indicator Lower Line, a 6 month low and 6 other studies. The highest support line has found 7 confirmations, and Bollinger Lower Band is the only model for S3.
The Cable has the closest levels of 1 2250 in resistance and 1 2210 in support.
The lowest resistance line has found 7 matches, and R2 is a 20 day moving average with 4 models. Standing at a psychological level, R3 sees 2 confirmations. S1 leads in support with 9 studies. S3 is backed up by Price Channel Indicator Lower Line, a 4 year low and 6 other models, and Bollinger Lower Band is among the 2 models for S2.
Dollar/Yen finds itself below R1 of 105 and above S1 of 104 70.
R2 counts Price Channel Indicator Upper Line among its 7 models. R1 confirmed by a psychological level, Bollinger Upper Band, 150 day moving average and 2 other studies, and the highest resistance line has found a single match. Standing at a 20 day moving average, S2 sees 7 confirmations. S1 is backed up by 5 studies, and S3 has found 4 matches, including Bollinger Lower Band and a 100 day moving average.
And Dollar/Swiss Franc stands between R1 of 0 9910 and S1 of 0 9880.
R2 is the most confirmed resistance line with no less than 21 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a psychological level, a 6 month high and 7 other studies, whereas the lowest resistance line has found 8 matches. S1 is well supported with 13 studies, including a 20 day moving average. S2 is a 50 day moving average with 3 models, and S3 is confirmed by Bollinger Lower Band, a 150 day moving average and another study.
I’m Jessica Walker and you’ve been watching the Support and Resistance Level Report for Tuesday. Stay with us throughout your trading day.
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