Hello, I’m Imogen Comrie with another Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out this Tuesday. The first pair for this report is the Euro/Dollar, which has the closest levels of 1 2470 in resistance and 1 2440 in support. R1 is the most confirmed resistance line with 11 models, including a 20 day moving average. R2 is a psychological level with 7 confirmations, and the highest resistance line counts Bollinger Upper Band as its only match. S2 is supported by Price Channel Indicator Lower Line, a 2 year low and 5 other studies. The highest support line is backed up by 6 models, and S3 counts a psychological level as its only match. The Cable gained some ground yesterday and now finds itself below R1 of 1 5730 and above S1 of 1 57. The lowest resistance line has found 5 matches. R3 is confirmed by a 50 day moving average, Bollinger Upper Band and another model, and R2 is a 20 day moving average with 2 studies. A 10 day moving average is among the 11 matches for S1. S2 has found 7 confirmations, including Price Channel Indicator Lower Line and a 12 month low, and Bollinger Lower Band is the only match for S3. Next up is the Dollar/Yen, which stands between R1 of 118 70 and S1 of 118 40. R2 leads in resistance with 10 studies, including a former 4 year high and Price Channel Indicator Upper Line, and R1 is backed up by 2 models. Standing at an important psychological level, R3 sees a single match. S1 confirmed by 5 studies, and the other two support lines have found two matches each, including a 20 day moving average for S2 and a psychological level for S3. And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9670 and S1 of 0 9640. The lowest resistance line is backed up by 8 models. R3 has found 5 matches, including Price Channel Indicator Upper Line and a 12 month high, and Bollinger Upper Band is among the 4 studies for R2. S1 is well confirmed with 13 models, including a 20 day moving average. S2 is supported by a 50 day moving average, Bollinger Lower Band and 7 other models, and S3 is Price Channel Indicator Lower Line with 3 matches. That concludes the Support and Resistance Level Report for Tuesday. Check back in tomorrow when the next report will be available. Goodbye.
Hello, I’m Imogen Comrie with another Support and Resistance Level Report. Let’s take a closer look at how our in-house model tests out this Tuesday.
The first pair for this report is the Euro/Dollar, which has the closest levels of 1 2470 in resistance and 1 2440 in support.
R1 is the most confirmed resistance line with 11 models, including a 20 day moving average. R2 is a psychological level with 7 confirmations, and the highest resistance line counts Bollinger Upper Band as its only match. S2 is supported by Price Channel Indicator Lower Line, a 2 year low and 5 other studies. The highest support line is backed up by 6 models, and S3 counts a psychological level as its only match.
The Cable gained some ground yesterday and now finds itself below R1 of 1 5730 and above S1 of 1 57.
The lowest resistance line has found 5 matches. R3 is confirmed by a 50 day moving average, Bollinger Upper Band and another model, and R2 is a 20 day moving average with 2 studies. A 10 day moving average is among the 11 matches for S1. S2 has found 7 confirmations, including Price Channel Indicator Lower Line and a 12 month low, and Bollinger Lower Band is the only match for S3.
Next up is the Dollar/Yen, which stands between R1 of 118 70 and S1 of 118 40.
R2 leads in resistance with 10 studies, including a former 4 year high and Price Channel Indicator Upper Line, and R1 is backed up by 2 models. Standing at an important psychological level, R3 sees a single match. S1 confirmed by 5 studies, and the other two support lines have found two matches each, including a 20 day moving average for S2 and a psychological level for S3.
And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 0 9670 and S1 of 0 9640.
The lowest resistance line is backed up by 8 models. R3 has found 5 matches, including Price Channel Indicator Upper Line and a 12 month high, and Bollinger Upper Band is among the 4 studies for R2. S1 is well confirmed with 13 models, including a 20 day moving average. S2 is supported by a 50 day moving average, Bollinger Lower Band and 7 other models, and S3 is Price Channel Indicator Lower Line with 3 matches.
That concludes the Support and Resistance Level Report for Tuesday. Check back in tomorrow when the next report will be available. Goodbye.
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