It’s time for Wednesday’s Support and Resistance Level Report. I’m Sinead MacLaughlin and here’s how our in-house model tests out today.
No clear trend has formed for the Euro/Dollar, and it currently stands between R1 of 1 1330 and S1 of 1 1260.
The lowest resistance line has found 4 matches, and Bollinger Upper Band is among the 3 studies for R3. R2 is a psychological level with 2 confirmations. S1 leads in support with 7 studies, and S2 is a 20 day moving average with 3 matches. S3 counts a psychological level as its only confirmation.
The Cable has seen a decline, and it is now trading in the range limited by R1 of 1 5340 and S1 of 1 53.
Standing near a 150 day moving average, R1 sees 6 confirmations. R2 is backed up by a 100 day moving average, a psychological level and 2 other studies, and R3 counts a 50 day moving average among its 3 matches. Price Channel Indicator Lower Line is among the 3 studies for S1, and the other two support lines see 2 confirmations each, including a 3 month low for S2 and a psychological level for S3.
Dollar/Yen has the closest levels of 120 10 in resistance and 119 60 in support.
A psychological level is among the 5 studies for R1, and R3 is a 20 day moving average with 3 models. R2 counts a 150 day moving average as its only match. S3 is supported by Price Channel Indicator Lower Line, a 6 month low and 3 other studies, and S2 is Bollinger Lower Band with 3 models. The highest line has found 2 matches.
And last up is the Dollar/Swiss Franc, which has R1 of 0 9630 and S1 of 0 9580.
R2 is a 20 day moving average with 4 models, and R3 is confirmed by Price Channel Indicator Upper Line, a 3 month high and another model. The lowest resistance line has found 3 matches. Standing at a 100 day moving average, S3 sees 3 confirmations. S1 is a 50 day moving average with 2 models, and a psychological level is the only match for S2.
That’s all for Wednesday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.

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