Hello, I’m Doireann McDermott with another edition of the Support and Resistance Level Report. Let’s see how our in-house model tests out today. The first pair for this report is the Euro/Dollar, which has stood between R1 of 1 2960 and S1 of 1 2930 for the last couple of days. Standing near a 10 day moving average, R1 has found 7 confirmations. R3 is backed up by a 20 day moving average, a former 12 year low and another model, and R2 counts a psychological level among its two matches. S1 is the most confirmed support line with 14 studies, and Price Channel Indicator Lower Line is among the 3 matches for S2. S3 counts Bollinger Lower Band among its 2 models. The Cable has mostly been trading sideways, and it finds itself below R1 of 1 6230 and above S1 of 1 62. The lowest resistance line sees 9 confirmations, and a 10 day moving average is among the 4 studies for R2. R3 counts a 20 day moving average as its only match. S1 is backed up by 6 models, and the second support line has found 5 matches. S3 is Bollinger Lower Band with 3 studies. Dollar/Yen has seen limited movement, rarely venturing outside the range limited by R1 of 107 40 and S1 of 107. R1 is well confirmed with 11 studies, including Price Channel Indicator Upper Line. The other two resistance lines have found 2 matches each, and S2 is Bollinger Upper Band. S1 leads in support with 6 models, and a 10 day moving average is among the 5 studies for S2. Standing at a former 4 year high, S3 has found 4 matches. And the last pair for this report is the Dollar/Swiss Franc, which has the closest levels of 0 9370 in resistance and 0 9340 in support. The lowest resistance line is backed up by 9 models, and Price Channel Indicator Upper Line is among the 3 studies for R2. R3 is a 12 month high with 2 matches. The highest support line has found 13 confirmations, and S3 is a 6 month high with 5 studies. A 20 day moving average is among the 2 matches for S2. That’s all for Tuesday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
Hello, I’m Doireann McDermott with another edition of the Support and Resistance Level Report. Let’s see how our in-house model tests out today.
The first pair for this report is the Euro/Dollar, which has stood between R1 of 1 2960 and S1 of 1 2930 for the last couple of days.
Standing near a 10 day moving average, R1 has found 7 confirmations. R3 is backed up by a 20 day moving average, a former 12 year low and another model, and R2 counts a psychological level among its two matches. S1 is the most confirmed support line with 14 studies, and Price Channel Indicator Lower Line is among the 3 matches for S2. S3 counts Bollinger Lower Band among its 2 models.
The Cable has mostly been trading sideways, and it finds itself below R1 of 1 6230 and above S1 of 1 62.
The lowest resistance line sees 9 confirmations, and a 10 day moving average is among the 4 studies for R2. R3 counts a 20 day moving average as its only match. S1 is backed up by 6 models, and the second support line has found 5 matches. S3 is Bollinger Lower Band with 3 studies.
Dollar/Yen has seen limited movement, rarely venturing outside the range limited by R1 of 107 40 and S1 of 107.
R1 is well confirmed with 11 studies, including Price Channel Indicator Upper Line. The other two resistance lines have found 2 matches each, and S2 is Bollinger Upper Band. S1 leads in support with 6 models, and a 10 day moving average is among the 5 studies for S2. Standing at a former 4 year high, S3 has found 4 matches.
And the last pair for this report is the Dollar/Swiss Franc, which has the closest levels of 0 9370 in resistance and 0 9340 in support.
The lowest resistance line is backed up by 9 models, and Price Channel Indicator Upper Line is among the 3 studies for R2. R3 is a 12 month high with 2 matches. The highest support line has found 13 confirmations, and S3 is a 6 month high with 5 studies. A 20 day moving average is among the 2 matches for S2.
That’s all for Tuesday’s Support and Resistance Level Report. Check back in tomorrow when the next report will be available. Goodbye.
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