You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 11 and S1 of 1 1060.
Standing near a 20 day moving average, R1 is well confirmed with 13 models. R2 is a 150 day moving average with 4 matches, and R3 counts Bollinger Upper Band as its only study. S1 is the most confirmed support line with 15 models, and S3 is Price Channel Indicator Lower Line with 4 studies. Standing at a psychological level, S2 sees 2 confirmations.
The Cable has the closest levels of 1 3240 in resistance and 1 32 in support.
The lowest resistance line has found 6 matches, and R2 is a 20 day moving average with 2 studies. A psychological level is the only model for R3. Standing at a 4 year low, S2 sees 8 confirmations. S3 is a psychological level with 5 studies, and the highest support line has found 3 matches.
Dollar/Yen finds itself below R1 of 106 20 and above S1 of 105 70.
R1 is a 50 day moving average with 3 models, and Price Channel Indicator Upper Line is among the 2 studies for R2. The highest resistance line is a 100 day moving average with a single match. S2 counts a psychological level among its 4 studies, and the highest support line has found 3 matches. S3 sees 2 confirmations.
And Dollar/Swiss Franc stands between R1 of 0 9840 and S1 of 0 9810.
R1 is the most confirmed resistance line with 18 models. R2 counts Price Channel Indicator Upper Line among its 5 studies, and Bollinger Upper Band is among the 3 matches for R3. Standing near a 150 day moving average, S1 is well confirmed with 11 models. S2 counts a 50 day moving average among its 9 studies, and Bollinger Lower Band is the only match for S3.
I’m Celeste Skinner and you’ve been watching the Support and Resistance Level Report for Tuesday. Stay with Dukascopy TV throughout your trading day.
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