Hello, let’s find out where the Support and Resistance levels stand this Wednesday morning.
First up is the Euro/Dollar, which stands between R1 of 1 1080 and S1 of 1 1050.
R2 is a 150 day moving average with 10 confirmations, whereas the lowest resistance line has found 8 matches. Bollinger Upper Band is the only model for R3. The highest support line sees 8 confirmations. Price Channel Indicator Lower Line is among the 4 models for S3, and S2 is a psychological level with 3 studies.
The Cable has extended its recovery and now has R1 of 1 3330 and S1 of 1 3290.
The lowest resistance line has found 4 matches. R2 is a psychological level with 2 studies, and a 20 day moving average is the only model for R3. Standing at a former 4 year low, S2 sees 8 confirmations, and the highest support line has found 4 matches. Price Channel Indicator Lower Line is among the 2 studies for S3.
Dollar/Yen saw limited movement yesterday, mostly trading in the range limited by R1 of 105 and S1 of 104 10.
A psychological level is among the 2 studies for R1, whereas the other two resistance lines have found a single match each, namely, Price Channel Indicator Upper Line for R2 and a 100 day moving average for R3. S3 is backed up by Bollinger Lower Band, a psychological level and 2 other studies. S2 is a 20 day moving average with 3 models, and the highest support line sees a single confirmation.
And Dollar/Swiss Franc finds itself below R1 of 0 9890 and above S1 of 0 9860.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. The second line has found 3 matches, and R3 counts a 6 month high as its only model. Standing at a 100 day moving average, S3 is well confirmed with 13 studies. S2 is a 150 day moving average with 8 models, and S1 has found 2 matches.
I’m Lucy Palfreeman and that’s how our in-house model tests out today. Check back in tomorrow for the next overview. Goodbye for now.
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