It’s time for Tuesday’s Support and Resistance Level Report. Here’s how our in-house model tests out today.
Euro/Dollar has seen limited movement, mostly trading between R1 of 1 1190 and S1 of 1 1160.
R1 counts Price Channel Indicator Upper Line among its 9 models, and R2 is a 100 day moving average with 3 matches. A psychological level is the only study for R3. Standing at a psychological level, S3 is well confirmed with 12 models. S1 is a 150 day moving average with 10 matches, and S2 counts a 20 day moving average among its 3 studies.
The Cable has the closest levels of 1 32 in resistance and 1 3170 in support.
The second resistance line has found 7 matches, whereas R1 sees 5 confirmations. R3 counts Bollinger Upper Band as its only model. Standing at a 20 day moving average, S2 sees 9 confirmations, and the highest support line has found 5 matches. A psychological level is the only model for S3.
Dollar/Yen is trading in the range limited by R1 of 102 50 and S1 of 102 10.
R1 leads in resistance with 4 models, and the other two lines have found 2 matches each, including a 20 day moving average for R2 and a psychological level for R3. The highest support line has found 5 matches. S2 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line, a major psychological level and 2 other studies, and S3 is a 2 year low with 4 models.
And Dollar/Swiss Franc finds itself below R1 of 0 9680 and above S1 of 0 9650.
Standing at a 150 day moving average, R3 sees 7 confirmations, whereas the lowest resistance line has found 6 matches. R2 is a 100 day moving average with 3 studies. S1 counts Price Channel Indicator Lower Line among its 7 models, and the other two support lines see a single confirmation each, including a psychological level for S3.
You’ve been watching the Support and Resistance Level Report for Tuesday with me, Kiays Khalil. We’ll be back tomorrow with the next overview, so do check back.
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