This is the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.
Euro/Dollar is currently trading in the range limited by R1 of 1 1640 and S1 of 1 1610.
The lowest resistance line has found 11 matches, and R3 is a 20 day moving average with 10 studies. Standing at a 100 day moving average, R2 sees 3 confirmations. Price Channel Indicator Lower Line is among the 6 models for S2, and S1 counts Bollinger Lower Band among its 4 studies. A psychological level is the only match for S3.
The Cable has the closest levels of 1 3320 in resistance and 1 3260 in support.
R1 is Bollinger Upper Band with 3 models, while the upper two resistance lines have found 2 matches each, including Price Channel Indicator Upper Line for R2 and a psychological level for R3. Standing at a 50 day moving average, S2 is well supported with 13 models, and the highest support line has found 4 matches. S3 sees 3 confirmations, including a 100 day moving average and Bollinger Lower Band.
Dollar/Yen finds itself between R1 of 114 10 and S1 of 113 80.
Bollinger Upper Band is among the 7 studies for R1. R2 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 3 other models, and a psychological level is the only match for R3. S1 leads in support with 11 models. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a 50 day moving average and 2 other studies, while S2 is a 20 day moving average with 2 matches.
And Dollar/Swiss Franc stands below R1 of 1 and S1 of 0 9970.
R1 is backed up by a major psychological level, Bollinger Upper Band and 5 other studies, and R2 is Price Channel Indicator Upper Line with 5 models. Standing at a 6 month high, R3 sees 3 confirmations. The highest support line has found 7 matches, and S2 is a 20 day moving average with 5 studies. A 150 day moving average is the only model for S3.
I’m Jack Everitt and this was the Support and Resistance Level Report. Check back in tomorrow for the next overview.

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