You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1380 and S1 of 1 13. R1 is confirmed by a 10 day moving average and 15 more models. R2 posts 4 matches and price channel indicator upper line is among them. R3 is backed up by a Bollinger upper band and a 6 month high. S1 and S3 both have 2 matches. The first line is confirmed by a 20 day moving average and S3 is a Bollinger lower band. S2 is a 50 day moving average. The Cable has been mostly flat, and it stands between R1 of 1 4260 and S1 of 1 42. R1 is confirmed y a 50 day moving average and 6 more models. R2 has found 6 matches, including a psychological level, price channel indicator upper line, a 100 day moving average and a Bollinger upper band. Only a 150 day moving average is near R3. S3 is a 4 year low with a total of 5 confirmations. S2 follows with 4 matches and it’s a price channel indicator lower line, Bollinger lower band and a psychological level. S1 is near 3 alternative studies. Next up is the Dollar/Yen, which has the closest levels of 109 20 in resistance and 108 60 in support. R3 used to be a 12 month low and it has a total of 4 matches. R2 follows with 3 confirmations, including a psychological level. There’s a single match for R1. S2 has a Bollinger lower band among its 5 confirmations. S1 and S3 both have 3 matches and the lowest level is a price channel indicator lower line. And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 0 9590 and above S1 of 0 9560. R1 leads in resistance with 11 confirmations. A 20 day moving average is one of the 2 matches for R2 and only Bollinger upper band is near R3. S1 has found 15 matches and it’s backed up by a 10 day moving average. S2 posts 7 confirmations, including price channel indicator lower line and a psychological level. S3 is backed up by a Bollinger lower band and a 6 month low. I’m Sam Meredith and you’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next report, but for now, goodbye.
You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1380 and S1 of 1 13.
R1 is confirmed by a 10 day moving average and 15 more models. R2 posts 4 matches and price channel indicator upper line is among them. R3 is backed up by a Bollinger upper band and a 6 month high. S1 and S3 both have 2 matches. The first line is confirmed by a 20 day moving average and S3 is a Bollinger lower band. S2 is a 50 day moving average.
The Cable has been mostly flat, and it stands between R1 of 1 4260 and S1 of 1 42.
R1 is confirmed y a 50 day moving average and 6 more models. R2 has found 6 matches, including a psychological level, price channel indicator upper line, a 100 day moving average and a Bollinger upper band. Only a 150 day moving average is near R3. S3 is a 4 year low with a total of 5 confirmations. S2 follows with 4 matches and it’s a price channel indicator lower line, Bollinger lower band and a psychological level. S1 is near 3 alternative studies.
Next up is the Dollar/Yen, which has the closest levels of 109 20 in resistance and 108 60 in support.
R3 used to be a 12 month low and it has a total of 4 matches. R2 follows with 3 confirmations, including a psychological level. There’s a single match for R1. S2 has a Bollinger lower band among its 5 confirmations. S1 and S3 both have 3 matches and the lowest level is a price channel indicator lower line.
And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 0 9590 and above S1 of 0 9560.
R1 leads in resistance with 11 confirmations. A 20 day moving average is one of the 2 matches for R2 and only Bollinger upper band is near R3. S1 has found 15 matches and it’s backed up by a 10 day moving average. S2 posts 7 confirmations, including price channel indicator lower line and a psychological level. S3 is backed up by a Bollinger lower band and a 6 month low.
I’m Sam Meredith and you’ve been watching the Support and Resistance Level Report for Wednesday. Check back in tomorrow for the next report, but for now, goodbye.
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