It’s time for Wednesday’s Support and Resistance Level Report. Let’s see how our in-house model tests out today.
Euro/Dollar has seen a decline which leaves it below R1 of 1 0990 and above S1 of 1 0960.
Standing at a 150 day moving average, R2 sees 10 confirmations. R1 is backed up by a psychological level, a 50 day moving average and 5 other models, and R3 is a 20 day moving average with 3 matches. S1 is the most confirmed support line with 6 studies, and Price Channel Indicator Lower Line is among the 5 matches for S3. The second line is a 100 day moving average with 4 models.
The Cable is down as well, and it currently has R1 of 1 42 and S1 of 1 4170.
R1 leads in resistance with 4 models, including a 20 day moving average. R2 is a 50 day moving average with 2 matches, and a psychological level is among the 2 studies for R3. The highest support line sees 5 confirmations, and S3 is a psychological level with 3 models. The second line has found a single match.
Next up is the Dollar/Yen, which is trading in the range limited by R1 of 112 80 and S1 of 112 40.
R2 is a 20 day moving average with 6 models, and the lowest resistance line has found 3 matches. Bollinger Upper Band is among the 2 studies for R3. S2 is backed up by Price Channel Indicator Lower Line, a 12 month low and 4 other models. The highest support line has found 3 matches, and S3 is a psychological level with 2 confirmations.
And Dollar/Swiss Franc has inched higher, as it now stands between R1 of 0 9990 and S1 of 0 9960.
R1 is well confirmed with 14 models, including a major psychological level and a 100 day moving average. R2 is Price Channel Indicator Upper Line with 2 studies, and the highest line has found a single match. S1 leads in support with 11 models, and S2 is a 20 day moving average with 4 matches. Bollinger Lower Band is among the 2 studies for S3.
You’ve been watching the Support and Resistance Level Report with me, Monica Gibson. Check back in tomorrow when the next report will be available. Goodbye.

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