It’s time for another edition of the Support and Resistance Level Report where we take a look at how our in-house model tests out on this Tuesday. Euro/Dollar has the closest levels of 1 1450 in resistance and 1 1370 in support. The first two resistance levels both have 4 confirmations. R1 is a price channel indicator upper line and the second line is backed up by a psychological level and a Bollinger upper band. R3 is a 12 month high. S1 has a 10 day moving average among its 15 confirmations. S2 and S3 have 2 matches each. S2 is confirmed by a 20 day moving average and S3 is backed up by a 50 day moving average. Next up is the Cable, which is trading below R1 of 1 4260 and above S1 of 1 4230. R2 is well confirmed as a 100 day moving average, a psychological level, price channel indicator upper line and Bollinger upper band are all among the 6 confirmations. R1 follows with 5 matches and it’s a 50 day moving average. Only a 150 day moving average is near R3. S1 and S3 both have 5 confirmations. S1 is a 20 day moving average and S3 is a 4 year low. S2 is confirmed by a price channel indicator lower line, Bollinger lower band, weekly low and a psychological level. Dollar/Yen stands in the range limited by R1 of 108 90 and S1 of 108 20. R3 is a 12 month high with a total of 5 confirmations. R1 posts 3 matches and there’s a total of 2 confirmations for R2, which is a psychological level. Bollinger lower band is among the 5 matches for S1. S2 follows with 4 confirmations, including price channel indicator lower line. S3 is a psychological level with a total of 2 matches. And the last pair for this report is the Dollar/Swiss franc, which is between R1 of 0 9590 and S1 of 0 95. A 10 day moving average is one of the 10 confirmations for R1. R2 has a 20 day moving average among its 3 matches and only a 50 day moving average is near R3. S1 is backed up by a price channel indicator lower line, a psychological level and 3 more models. S2 posts 3 matches and it’s a Bollinger lower band. There’s just a single match for the lowest support level. I’m Sam Meredith and that concludes the Support and Resistance Level Report for Tuesday, but we’ll be back tomorrow with the next overview of the key price levels.
It’s time for another edition of the Support and Resistance Level Report where we take a look at how our in-house model tests out on this Tuesday.
Euro/Dollar has the closest levels of 1 1450 in resistance and 1 1370 in support.
The first two resistance levels both have 4 confirmations. R1 is a price channel indicator upper line and the second line is backed up by a psychological level and a Bollinger upper band. R3 is a 12 month high. S1 has a 10 day moving average among its 15 confirmations. S2 and S3 have 2 matches each. S2 is confirmed by a 20 day moving average and S3 is backed up by a 50 day moving average.
Next up is the Cable, which is trading below R1 of 1 4260 and above S1 of 1 4230.
R2 is well confirmed as a 100 day moving average, a psychological level, price channel indicator upper line and Bollinger upper band are all among the 6 confirmations. R1 follows with 5 matches and it’s a 50 day moving average. Only a 150 day moving average is near R3. S1 and S3 both have 5 confirmations. S1 is a 20 day moving average and S3 is a 4 year low. S2 is confirmed by a price channel indicator lower line, Bollinger lower band, weekly low and a psychological level.
Dollar/Yen stands in the range limited by R1 of 108 90 and S1 of 108 20.
R3 is a 12 month high with a total of 5 confirmations. R1 posts 3 matches and there’s a total of 2 confirmations for R2, which is a psychological level. Bollinger lower band is among the 5 matches for S1. S2 follows with 4 confirmations, including price channel indicator lower line. S3 is a psychological level with a total of 2 matches.
And the last pair for this report is the Dollar/Swiss franc, which is between R1 of 0 9590 and S1 of 0 95.
A 10 day moving average is one of the 10 confirmations for R1. R2 has a 20 day moving average among its 3 matches and only a 50 day moving average is near R3. S1 is backed up by a price channel indicator lower line, a psychological level and 3 more models. S2 posts 3 matches and it’s a Bollinger lower band. There’s just a single match for the lowest support level.
I’m Sam Meredith and that concludes the Support and Resistance Level Report for Tuesday, but we’ll be back tomorrow with the next overview of the key price levels.
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