You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar has been moving in waves and now stands between R1 of 1 1670 and S1 of 1 1630.
Standing at a 20 day moving average, R2 sees 9 confirmations, and R1 counts a 100 day moving average among its 4 models. R3 is Price Channel Indicator Upper Line with 2 studies. S1 leads in support with 8 models, including Bollinger Lower Band, and Price Channel Indicator Lower Line is among the 3 studies for S2. S3 counts a psychological level among its 2 confirmations.
The Cable is trading in the range limited by R1 of 1 3240 and S1 of 1 32.
The lowest resistance line has found 2 matches while the upper two lines see a single confirmation each. R2 is Bollinger Upper Band, and R3 is Price Channel Indicator Upper Line. Standing at a 50 day moving average, S1 has found 10 matches. S2 is backed up by Bollinger Lower Band, a 100 day moving average and 2 other studies, and S3 is a psychological level with 2 models.
Dollar/Yen has inched lower and finds itself below R1 of 113 30 and above S1 of 112 90.
R1 leads in resistance with 10 studies, and R2 is Bollinger Upper Band with 6 confirmations. R3 is backed up by Price Channel Indicator Upper Line, a 6 month high and 3 other models. Standing at a 20 day moving average, S1 sees 6 confirmations, and S3 is a 150 day moving average with 3 technicals. S2 is supported by Price Channel Indicator Lower Line and Bollinger Lower Band.
And Dollar/Swiss Franc has the closest levels of 0 9970 in resistance and 0 9940 in support.
Bollinger Upper Band is among the 8 studies for R1, and R2 counts a major psychological level among its 4 models. R3 is Price Channel Indicator Upper Line with 3 confirmations. S2 leads in support with 5 models, and S3 is a 20 day moving average with 4 technicals. The highest support line has found 3 matches
This article was originally posted on FX Empire
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