You’re watching another Support and Resistance Level Report. Here’s how our in-house model tests out this Tuesday.
Euro/Dollar recently broke through R1 of 1 1210 and it now has S1 of 1 1180.
First resistance level has a total of 22 confirmations and it’s backed up by a 150 day moving average. R2 posts 4 matches, including a Bollinger upper band. A price channel indicator upper line is one of the 3 matches for R3. S1 leads in support with 5 matches, including a 100 day moving average. S2 and S3 both have 4 confirmations. The second line is a Bollinger lower band and S3 is a price channel indicator lower line.
Next up is the Cable, which is trading in the range limited by R1 of 1 30 and S1 of 1 2820.
R1 is a key psychological level with a total of 9 confirmations. R2 and R3 have 3 matches each. The second line is a 50 day moving average and R3 is both a Bollinger upper band and a price channel indicator upper line. S2 has a 4 year low and a Bollinger lower band among its 7 confirmations. S1 is near yesterday’s low and a price channel indicator lower line and S3 is a psychological level.
Dollar/Yen rose and it now has R1 of 103 and S1 of 101 80.
R3 has a price channel indicator upper line among its 3 confirmations. R1 and R2 both have 2 matches. First line is a Bollinger upper band and R2 is a 100 day moving average. A 10 day moving average is one of the 7 matches for S2. S3 posts 6 confirmations, including a Bollinger lower band. S1 is confirmed by a 50 day moving average and 3 more models.
And Dollar/Swiss Franc stands well below R1 of 0 9810 and just slightly above S1 of 0 9740.
R1 leads in resistance with 3 confirmations and it’s both a Bollinger upper band and a price channel indicator upper line. R2 and R3 have 2 matches each. The second line is a 6 month high and R3 is a psychological level. S1 has found a total of 10 confirmations and a 150 day moving average is one of them. S2 posts 8 matches, including a Bollinger lower band and a price channel indicator lower line. S3 is a psychological level.
I’m Sam Meredith and you’ve been watching the Support and Resistance Level Report for Tuesday.
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