You’re watching the Support and Resistance Level Report for Tuesday. I’m Jessica Walker and here’s how our in-house model tests out today. First up is the Euro/Dollar, which currently stands between R1 of 1 0890 and S1 of 1 0840. Bollinger Upper Band is among the 5 models for R1. R2 is confirmed by Price Channel Indicator Upper Line, a 50 day moving average and two other studies, and R3 is a 100 day moving average with 2 matches. Standing at a 4 year low, S3 sees 3 confirmations, and S2 counts a 20 day moving average among its 2 models. The highest support line has found a single match. The Cable has seen a decline, which leaves it below R1 of 1 5060 and above S1 of 1 5030. R1 leads in resistance with 5 confirmations, and R2 is a 20 day moving average with 3 studies. A 50 day moving average among the 2 matches for R3. S2 leads in support with 7 studies, including a psychological level, and a 6 month low, and the highest support line has found 6 confirmations. Price Channel Indicator Lower Line is among the 2 models for S3. Next up is the Dollar/Yen, which is trading in the range limited by R1 of 123 40 and S1 of 123. R1 counts Bollinger Upper Band among its 10 studies. R2 is backed up by Price Channel Indicator Upper Line, a 3 month high and 3 other models, and a psychological level is the only match for R3. S1 is well confirmed with 11 studies, including a 20 day moving average, and Bollinger Lower Band is among the 5 models for S2. S3 is backed up by Price Channel Indicator Lower Line and a 50 day moving average. And the last pair for this report is the Dollar/Swiss Franc, which currently has R1 of 1 and S1 of 1 0 9970. R3 leads in resistance with 9 studies, including Price Channel Indicator Upper Line, a 4 year high, and Bollinger Upper Band. Standing at an important psychological level, R1 has found 6 matches, and R2 is a 20 day moving average with 2 models. S2 counts Bollinger Lower Band among its 5 confirmations, and the highest support line has found 4 matches. S3 is a 100 day moving average with 2 studies. That concludes the Support and Resistance Level Report for Tuesday, but we’ll be back tomorrow with the next overview, so see you then.
You’re watching the Support and Resistance Level Report for Tuesday. I’m Jessica Walker and here’s how our in-house model tests out today.
First up is the Euro/Dollar, which currently stands between R1 of 1 0890 and S1 of 1 0840.
Bollinger Upper Band is among the 5 models for R1. R2 is confirmed by Price Channel Indicator Upper Line, a 50 day moving average and two other studies, and R3 is a 100 day moving average with 2 matches. Standing at a 4 year low, S3 sees 3 confirmations, and S2 counts a 20 day moving average among its 2 models. The highest support line has found a single match.
The Cable has seen a decline, which leaves it below R1 of 1 5060 and above S1 of 1 5030.
R1 leads in resistance with 5 confirmations, and R2 is a 20 day moving average with 3 studies. A 50 day moving average among the 2 matches for R3. S2 leads in support with 7 studies, including a psychological level, and a 6 month low, and the highest support line has found 6 confirmations. Price Channel Indicator Lower Line is among the 2 models for S3.
Next up is the Dollar/Yen, which is trading in the range limited by R1 of 123 40 and S1 of 123.
R1 counts Bollinger Upper Band among its 10 studies. R2 is backed up by Price Channel Indicator Upper Line, a 3 month high and 3 other models, and a psychological level is the only match for R3. S1 is well confirmed with 11 studies, including a 20 day moving average, and Bollinger Lower Band is among the 5 models for S2. S3 is backed up by Price Channel Indicator Lower Line and a 50 day moving average.
And the last pair for this report is the Dollar/Swiss Franc, which currently has R1 of 1 and S1 of 1 0 9970.
R3 leads in resistance with 9 studies, including Price Channel Indicator Upper Line, a 4 year high, and Bollinger Upper Band. Standing at an important psychological level, R1 has found 6 matches, and R2 is a 20 day moving average with 2 models. S2 counts Bollinger Lower Band among its 5 confirmations, and the highest support line has found 4 matches. S3 is a 100 day moving average with 2 studies.
That concludes the Support and Resistance Level Report for Tuesday, but we’ll be back tomorrow with the next overview, so see you then.
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