You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
Euro/Dollar has spent the start of the week below R1 of 1 09 and above S1 of 1 0870.
R2 is a psychological level with 7 models, and R1 counts a 5 month high among its 5 matches. R3 is a 20 day moving average with a single confirmation. S1 counts Price Channel Indicator Lower Line among its 9 models, and Bollinger Lower Band is among the 3 studies for S2. The lowest support line is a 12 month low with a single confirmation.
The Cable has the closest levels of 1 2240 in resistance and 1 22 in support.
R1 leads in resistance with 10 studies, and the second line has found 7 matches. R3 is backed up by a 20 day moving average and a psychological level. The highest support line sees 9 confirmations, whereas S2 has found 4 matches. A psychological level is among the 2 studies for S3.
Dollar/Yen is trading in the range limited by R1 of 104 60 and S1 of 104 30.
Price Channel Indicator Upper Line is among the 3 studies for R1, and the other two resistance lines have found a single match each, including Bollinger Upper Band for R2. S2 is the most confirmed support line with 18 models, and S1 has found 8 matches. Standing near a 100 day moving average, S3 sees 5 confirmations.
And Dollar/Swiss Franc seems to have settled between R1 of 0 9960 and S1 of 0 9920.
R1 counts Price Channel Indicator Upper Line among its 10 models. R2 is backed up by Bollinger Upper Band, a psychological level and another study, and the highest resistance line has found 2 matches. S1 leads in support with 8 models. S3 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and another study, and S2 is a 20 day moving average with 2 matches.
I’m Jessica Walker and this was the Support and Resistance Level Report for Tuesday. We’ll be back tomorrow with the next report, but there’s plenty of other news to cover today, so stay with us.
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