This is the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out today.
Euro/Dollar has the closest levels of 1 0760 in resistance and 1 0710 in support.
The lower two resistance lines have found 5 matches each, including a 6 month low for R2, whereas R3 is a 20 day moving average with 4 models. Standing at a 4 year low, S3 sees 3 confirmations, and Price Channel Indicator Lower Line is among the 2 studies for S1. S2 is a 12 month low with 2 matches.
The Cable is trading in the range limited by R1 of 1 2490 and S1 of 1 2460.
R1 counts a psychological level among its 5 models, and Bollinger Upper Band is among the 4 studies for R2. R3 is Price Channel Indicator Upper Line with 3 matches. S3 leads in support with 7 studies, including a 4 year low, and the highest support line has found 6 matches. S2 is a 20 day moving average with 3 models.
Dollar/Yen finds itself below R1 of 109 30 and above S1 of 108 70.
Price Channel Indicator Upper Line is among the 3 studies for R1, and R2 is a psychological level with 2 models. R3 counts a 6 month high as its only match. S2 is the most confirmed support line with 4 models. S3 is backed up by a psychological level, a 20 day moving average and another study, and the highest support line sees a single confirmation.
And Dollar/Swiss Franc stands between R1 of 1 0020 and S1 of 0 9990.
R3 is a 4 year high with 4 models, and the lower two resistance lines have found 2 matches each, including Price Channel Indicator Upper Line for R1. Standing near a 20 day moving average, S2 sees 9 confirmations. S1 is backed up by a psychological level, a 6 month high and 5 other models, and Bollinger Lower Band is among the 2 studies for S3.
I’m _____ and this was the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview. Goodbye.
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