You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
Euro/Dollar is trading in the range limited by R1 of 1 12 and S1 of 1 1160.
Standing near a 150 day moving average, R1 sees 6 confirmations. Bollinger Upper Band is among the 3 matches for R2, and R3 counts Price Channel Indicator Upper Line among its 2 studies. S1 is the most confirmed support line with 9 models. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, whereas a psychological level is the only match for S3.
The Cable has the closest levels of 1 3050 in resistance and 1 3010 in support.
R2 is a 50 day moving average with 3 studies, and the other two resistance lines have found 2 matches, including Bollinger Upper Band and Price Channel Indicator Upper Line for R3. S1 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line, a psychological level and 4 other studies. S3 is a 4 year low with 6 confirmations, and the second line has found 2 matches.
Dollar/Yen finds itself between R1 of 101 90 and S1 of 101 60.
The lowest resistance line has found 10 matches. R2 is a 20 day moving average with 9 studies, and a 50 day moving average is among the 5 models for R3. The highest support line sees 4 confirmations. S3 is backed up by a psychological level, Price Channel Indicator Lower Line and 2 other studies, and Bollinger Lower Band is among the 2 models for S2.
And Dollar/Swiss Franc stands between R1 of 0 9820 and S1 of 0 9780.
R1 is the most confirmed resistance line with 6 models. Price Channel Indicator Upper Line is among the 3 studies for R2, and R3 is a major psychological level with 2 matches. Standing at a 150 day moving average, S2 is well supported with 11 studies. The highest line has found 8 matches, and Price Channel Indicator Lower Line is among the 2 models for S3.
I’m Kiays Khalil and this was the Support and Resistance Level Report for Tuesday. Stay with Dukascopy TV throughout your trading day.
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