Hello, I’m Monica Gibson with Tuesday’s Support and Resistance Level Report. Let’s see how our in-house model tests out today.
First up is the Euro/Dollar, which stands between R1 of 1 0560 and S1 of 1 05.
R1 is Bollinger Upper Band with 6 studies, and R3 counts a psychological level among its 3 models. A 20 day moving average is the only match for R2. S2 is supported by Price Channel Indicator Lower Line, a 4 year low and 6 other models, and S1 counts a psychological level among its 2 studies. The lowest support line has found a single match.
The Cable has the closest levels of 1 4680 in resistance and 1 4640 in support.
Standing at a 20 day moving average, R2 sees 9 confirmations. R3 is backed up by a psychological level and Bollinger Upper Band, and the lowest line has found a single match. S1 leads in support with 9 studies, including Bollinger Lower Band and a former 4 year low, and S2 is Price Channel Indicator Lower Line with 2 matches. A psychological level is the only confirmation for S3.
Dollar/Yen is trading in the range limited by R1 of 120 and S1 of 119 70.
The highest resistance line is a 4 year high with 6 models. R1 is confirmed by a psychological level, a 20 day moving average and 4 other studies, and Bollinger Upper Band is the only match for R2. S1 is well confirmed with 12 studies, including a 50 day moving average, and S2 is a 100 day moving average with 4 models. S3 counts Bollinger Lower Band among its 3 matches.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 98 and S1 of 0 9760.
R1 is the most confirmed resistance line with 4 models, and the other two lines have found 2 matches each, including Bollinger Upper Band for R2 and a psychological level for R3. Standing at a 100 day moving average, S3 sees 7 confirmations, and S2 is a 20 day moving average with 3 models. The highest support line has found 2 matches.
That’s all for Tuesday’s Support and Resistance Level Report. We’ll be back tomorrow with the next report, but until then, goodbye.

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