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 09 and S1 of 1 0870.
Standing at a 20 day moving average, R3 sees 6 confirmations, and R2 is a psychological level with 5 models. The lowest resistance line has found 3 matches. Price Channel Indicator Lower Line is among the 4 models for S3, and S1 counts Bollinger Lower Band among its 3 studies. The second line sees a single confirmation.
The Cable has the closest levels of 1 3950 in resistance and 1 3920 in support.
R1 is the most confirmed resistance line with 5 models. R2 is a psychological level with 4 studies, and the highest resistance line has found a single match. S2 is well supported with 10 models, including Price Channel Indicator Lower Line, Bollinger Lower Band and a 4 year low, and S1 sees 4 confirmations. A psychological level is the only match for S3.
Dollar/Yen finds itself below R1 of 112 70 and above S1 of 112 20.
R1 leads in resistance with 4 studies, and R3 is a psychological level with 2 models. A 20 day moving average is the only confirmation for R2. S2 is backed up by Price Channel Indicator Lower Line, a 12 month low and 6 other models, and the highest support line has found 4 matches. S3 sees 3 confirmations, including Bollinger Lower Band and a psychological level.
And last up is the Dollar/Swiss Franc, which currently stands between R1 of 0 9980 and S1 of 0 9950.
Standing at a 50 day moving average, R1 sees 8 confirmations. The second line counts a psychological level among its 3 models, and Bollinger Upper Band is among the 2 studies for R3. S2 is a 20 day moving average with 10 models. S1 counts a 100 day moving average among its 7 matches, and S3 is backed up by Price Channel Indicator Lower Line, a 3 month low and 2 other studies.
This was the Support and Resistance Level Report for Tuesday with me, Monica Gibson. Check back in tomorrow for the net overview. Goodbye.

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