Hello, I’m Doireann McDermott and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Tuesday. Euro/Dollar has inched lower, and it now stands between R1 of 1 3140 and S1 of 1 3110. R2 is a 10 day moving average with 11 studies, and the lowest resistance line has found 6 matches. Standing near a 20 day moving average, R3 sees 5 confirmations. S1 is well confirmed with 12 models, including Price Channel Indicator Lower Line, Bollinger Lower Line and a 12 month low. S2 is backed up by 3 studies, and S3 counts a psychological level as its only match. Next up is the Cable, and its recent decline puts it below R1 of 1 6590 and above S1 of 1 6560. R1 leads in resistance with 20 studies, including a 10 day moving average, and a 20 day moving average is among the 4 models for R3. The second line sees 2 confirmations. The upper two support lines have found 6 matches each, including Price Channel Indicator Lower Line and a 3 month low for S2. A psychological level is among the 2 models for S3. Dollar/Yen is on the rise, and it is currently trading in the range limited by R1 of 105 and S1 of 104 70. R2 is a 4 year high with 4 models, and R1 counts an important psychological level among its 3 studies. R3 is another psychological level with a single confirmation. S2 leads in support with 14 models, including Price Channel Indicator Upper Line and a 6 month high, and S1 counts Bollinger Upper Band among its 3 matches. A 20 day moving average is the only confirmation for S3. Dollar/Swiss Franc has been moving higher, and it has R1 of 0 9210 and S1 of 0 9180. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 6 other studies, and the other two resistance lines have found 2 matches each. S2 is a 10 day moving average with 17 models, and a 6 month high is among the 14 confirmations for S1. The lowest support line counts a 20 day moving average among its 9 studies. You’ve been watching the Support and Resistance Level Report for Tuesday. Check back in tomorrow when the next report will be available. Goodbye.
Hello, I’m Doireann McDermott and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Tuesday.
Euro/Dollar has inched lower, and it now stands between R1 of 1 3140 and S1 of 1 3110.
R2 is a 10 day moving average with 11 studies, and the lowest resistance line has found 6 matches. Standing near a 20 day moving average, R3 sees 5 confirmations. S1 is well confirmed with 12 models, including Price Channel Indicator Lower Line, Bollinger Lower Line and a 12 month low. S2 is backed up by 3 studies, and S3 counts a psychological level as its only match.
Next up is the Cable, and its recent decline puts it below R1 of 1 6590 and above S1 of 1 6560.
R1 leads in resistance with 20 studies, including a 10 day moving average, and a 20 day moving average is among the 4 models for R3. The second line sees 2 confirmations. The upper two support lines have found 6 matches each, including Price Channel Indicator Lower Line and a 3 month low for S2. A psychological level is among the 2 models for S3.
Dollar/Yen is on the rise, and it is currently trading in the range limited by R1 of 105 and S1 of 104 70.
R2 is a 4 year high with 4 models, and R1 counts an important psychological level among its 3 studies. R3 is another psychological level with a single confirmation. S2 leads in support with 14 models, including Price Channel Indicator Upper Line and a 6 month high, and S1 counts Bollinger Upper Band among its 3 matches. A 20 day moving average is the only confirmation for S3.
Dollar/Swiss Franc has been moving higher, and it has R1 of 0 9210 and S1 of 0 9180.
R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 6 other studies, and the other two resistance lines have found 2 matches each. S2 is a 10 day moving average with 17 models, and a 6 month high is among the 14 confirmations for S1. The lowest support line counts a 20 day moving average among its 9 studies.
You’ve been watching the Support and Resistance Level Report for Tuesday. Check back in tomorrow when the next report will be available. Goodbye.
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