You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out today.
The first pair for this report is the Euro/Dollar, which has R1 of 1 0650 and S1 of 1 0610.
The lowest resistance line has found 4 matches, and R3 is a former 6 month low with 3 studies. Standing at a 20 day moving average, R2 sees 2 confirmations. S1 leads in support with no less than 15 models. S2 is backed up by Price Channel Indicator Lower Line, a 12 month low and 2 other studies, and S3 is a 4 year low with 3 matches.
The Cable has the closest levels of 1 25 in resistance and 1 2460 in support.
R1 is a psychological level with 4 models, and Bollinger Upper Band is among the 2 studies for R2. Price Channel Indicator Upper Line is the only match for R3. The highest support line counts a 20 day moving average among its 8 models, and Bollinger Lower Band is among the 2 studies for S2. S3 counts Price Channel Indicator Lower Line as its only match.
Dollar/Yen finds itself between R1 of 113 and S1 of 112 50.
R1 leads in resistance with 3 models, and Price Channel Indicator Upper Line is among the 2 studies for R2. R3 counts Bollinger Upper Band as its only confirmation. The highest support line has found 5 matches, and S2 is a 6 month high with 2 models. A psychological level is among the 2 studies for S3.
And Dollar/Swiss Franc stands below R1 of 1 0140 and above S1 of 1 01.
The lowest resistance line sees 11 confirmations. Price Channel Indicator Upper Line is among the 5 studies for R2, while Bollinger Upper Band is among the 2 matches for R3. S1 is the most confirmed support line with 17 models. S2 is backed up by a 6 month high, a psychological level and 4 other studies, and a 50 day moving average is the only match for S3.
I’m Jack Everitt and this was the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next overview. Goodbye.
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