Hello, I’m Sinead MacLaughlin and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Wednesday.
Euro/Dollar trades in a range limited by R1 of 1 10 and S1 of 1 09.
R2 leads in resistance with 13 confirmations. The first line follows with 6 matches and it’s a psychological level. R3 has found 4 confirmations and a 150 day moving average is one of them. S1 is backed up by a price channel indicator lower line and 3 more models. S2 follows with 3 confirmations and it’s a Bollinger lower band. S3 is a half a year low.
The Cable has R1 of 1 5470 and S1 of 1 5410.
R2 has a psychological level, price channel indicator upper line and Bollinger upper band among its 5 confirmations. R1 posts 4 matches and it’s a 100 day moving average. There’s just a single match for R3. S2 has a 20 day moving average among its 7 confirmations. A 50 day moving average is one of the 6 matches for S3. S1 is confirmed by a 150 day moving average and 4 more studies.
Dollar/Yen stands below R1 of 121 50 and above S1 of 120 80.
First line leads in resistance with 8 confirmations, including price channel indictor upper line, Bollinger upper band and a 150 day moving average. R3 sees 2 matches and only a 100 day moving average is near R2. S1 has found 9 matches. S2 posts 3 confirmations and it’s a psychological level. Only Bollinger lower band is near S3.
Lastly, the Dollar/Swissie, which is between R1 of 0 9960 and S1 of 0 9910.
Price channel indicator upper line and a half a year low both are among the 8 confirmations for R1. R2 is backed up by Bollinger upper band and a psychological level. R3 has found a single match. S1 leads in support with 6 confirmations. S2 follows with 4 matches and 3 alternative studies are near S3, which is a 50 day moving average.
That’s all for Wednesday. Check back in tomorrow for the next overview, but for now, goodbye.

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