You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
Euro/Dollar has been inching lower, and it currently stands between R1 of 1 0770 and S1 of 1 0710.
Standing at a 6 month low, R2 sees 4 confirmations, and the lowest resistance line has found 3 matches. R3 is a psychological level with 2 models. S3 is a 4 year low with 3 studies, and Price Channel Indicator Lower Line is among the 2 models for S1. Standing at a 12 month low, S2 sees 2 confirmations.
The Cable is down as well, and it finds itself below R1 of 1 25 and above S1 of 1 2440.
R1 is a psychological level with 5 models, and Bollinger Upper Band is among the 3 studies for R2. R3 is Price Channel Indicator Upper Line with 2 matches. S1 leads in support with 5 confirmations. S3 is backed up by Price Channel Indicator Lower Line and Bollinger Lower Band, while S2 counts a 20 day moving average as its only match.
Dollar/Yen has the closest levels of 108 50 in resistance and 107 90 in support.
Price Channel Indicator Upper Line is among the 2 models for R1, while the upper two resistance lines see a single match each, namely, a psychological level for R2 and a 6 month high for R3. S2 is the most confirmed support line with 5 models, and S3 is a psychological level with 3 studies. The highest support line has found 2 matches.
And Dollar/Swiss Franc is trading in the range limited by R1 of 1 and S1 of 0 9960.
R1 is backed up by Price Channel Indicator Upper Line, a 6 month high, a psychological level and 3 other models. R3 is a 4 year high with 3 confirmations, and Bollinger Upper Band is among the 2 matches for R2. Standing near a 20 day moving average, S2 sees 9 confirmations, and S3 is a 150 day moving average with 8 studies. The highest support line has found 2 matches.
I’m Jack Everitt and this was the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next overview. Goodbye.
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