You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar has been trending higher and now stands between R1 of 1 1850 and S1 of 1 18.
R1 has found 7 matches, including Price Channel Indicator Upper Line and a 2 year high, while R3 is a psychological level with 2 studies. R2 sees a single confirmation. S2 leads in support with 8 models, and S3 is a 20 day moving average with 3 studies. The highest support line has found a single match.
The Cable is up as well, and it has the closest levels of 1 3220 in resistance and 1 3180 in support.
R1 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 4 other models. R3 is a 12 month high with 2 studies, and the second lone has found a single match. S2 is the most confirmed support line with 6 models. S3 is backed up by a 20 day moving average, a psychological level and 3 other models, and S1 has found 2 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 110 40 and above S1 of 110 10.
Standing near a 100 day moving average, R2 sees 6 confirmations, and R3 is a 150 day moving average with 5 models. The lowest resistance line has found 4 matches. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 4 other models, whereas the lower two support lines have found 2 matches each, including a 6 month low for S3.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9680 and S1 of 0 9650.
The lowest resistance line has found 7 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and a 100 day moving average is the only model for R3. S3 counts a psychological level among its 5 studies, and the upper two support lines have found a single match each, including a 50 day moving average for S1 and a 20 day moving average for S2.
This was the Support and Resistance Level Report with me, Celeste Skinner. Check back in tomorrow for the next overview.

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#218051

Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian
用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese
Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish
Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman
Regardez la Dukascopy TV dans votre langue: http://www.youtube.com/user/dukascopytvfrench
Veja a TV Dukascopy na sua língua: http://www.youtube.com/user/dukascopytvpt

Dukascopy TV is a free educational project producing daily updates on global markets, visit http://Dukascopy.com/tv for more

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.