Find out where the Support and Resistance levels stand this Tuesday morning.
The first pair for this report is the Euro/Dollar, which has R1 of 1 11 and S1 of 1 1070.
R1 is the most confirmed resistance line with 11 models, and R2 is a 150 day moving average with 9 matches. Standing at a 100 day moving average, R3 sees 3 confirmations. The highest support line has found 6 matches, and S3 counts Price Channel Indicator Lower Line among its 4 studies. S2 is a psychological level with 3 confirmations.
The Cable has inched higher, and it now stands below R1 of 1 3120 and above S1 of 1 3050.
Standing at a former 4 year low, R1 sees 7 confirmations. The second line has found 4 matches, and R3 is a psychological level with 2 studies. S2 leads in support with 7 models. Price Channel Indicator Lower Line is among the 2 studies for S3, and the highest line has found a single match.
Dollar/Yen is on the rise, and it currently finds itself between R1 of 103 10 and S1 of 102 80.
R1 counts a 20 day moving average among its 3 studies. R3 is backed up by a 20 day moving average and Bollinger Upper Band, whereas R2 is a psychological level with a single match. S1 in support with 7 models. S3 is supported by Bollinger Lower Band, a psychological level and 2 other studies, and the second line sees 2 confirmations.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9830 and S1 of 0 98.
R1 counts a 150 day moving average among its 8 models, whereas R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies. Standing at a major psychological level, R3 has found 2 matches. S2 is well supported with 14 models, including a 100 day moving average. The highest support line sees 10 confirmations, and S3 counts a 20 day moving average among its 5 matches.
Well, that’s how our in-house model tests out today. I’m Sam Meredith and we’ll be back tomorrow with the next overview. Goodbye for now.
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