Good morning, this is the Support and Resistance Level Report for Tuesday and here’s how our in-house model tests out.
Euro/Dollar is trading in the range limited by R1 of 1 19 and S1 of 1 1860.
The lowest resistance line has found 8 matches, and Price Channel Indicator Upper Line is among the 4 models for R2. R3 is a psychological level with 2 confirmations. S1 leads in support with 15 models, and S2 is a 100 day moving average with 3 studies. A 50 day moving average is among the 2 technicals for S3.
The Cable has been moving in waves, but it now has R1 of 1 3480 and S1 of 1 3450.
R1 leads in resistance with 5 models, and R3 is a 12 month high with 4 confirmations. Bollinger Upper Band is among the 3 studies for R2. The second support line has found 6 matches, and S1 sees 3 confirmations. A 20 day moving average is the only model for S3.
Dollar/Yen has the closest levels of 112 80 in resistance and 112 50 in support.
R1 is a 50 day moving average with 5 models. R3 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 3 other studies, and R2 is Bollinger Upper Band with 2 confirmations. S1 leads in support with 9 models, and S2 counts a 150 day moving average among its 6 studies. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other technicals.
And Dollar/Swiss Franc finds itself between R1 of 0 9860 and S1 of 0 9830.
R1 counts a 50 day moving average among its 8 models, and R3 is a major psychological level with 3 studies. The second line has found a single match. S1 is the most confirmed support line with 15 models, and Bollinger Lower Band is among the 2 studies for S2. A psychological level is the only match for S3.
This was the Support and Resistance Level Report. I’m Jessica Walker and we’ll be back tomorrow with the next overview. See you then.

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