Good morning traders, let’s see where the Support and Resistance levels stand this Wednesday. Euro/Dollar has been steadily trending North, and it now has R1 of 1 1130 and S1 of 1 1090. All three resistance lines have found exactly one match each. Among these, R2 is a 6 month high and R3 is a psychological level. Standing at a 20 day moving average, S3 sees 6 confirmations. S1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, while S2 is a psychological level with 3 models. The Cable has been moving in waves, but it currently stands between R1 of 1 2950 and S1 of 1 2910. Standing near a 6 month high, R1 is well confirmed with 15 studies. R2 has found 6 matches, including Price Channel Indicator Upper Line, Bollinger Upper Band and a psychological level, while R3 sees a single confirmation. S2 is a 20 day moving average with 9 models, and the highest support line has found 8 matches. Bollinger Lower Band is among the 2 studies for S3. Dollar/Yen has been moving lower, and it’s now trading in the range limited by R1 of 112 60 and S1 of 112 30. Rl leads in resistance with 8 models, and Price Channel Indicator Upper Line is among the 3 studies for R3. Standing at a 100 day moving average, R2 sees 2 confirmations. S1 counts a 150 day moving average among its 4 models, and S2 is a 50 day moving average with 2 technicals. A psychological level is the only match for S3. And Dollar/Swiss Franc is down as well, as it finds itself below R1 of 0 9840 and above S1 of 0 9810. R3 is confirmed by 10 models, including Bollinger Upper Band and Price Channel Indicator Upper Line. R2 has found 5 matches, including a major psychological level and a 50 day moving average, while R1 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other technicals. S1 leads in support with 2 studies, and the other 2 lines have found a single match each. S3 is a 6 month low. I’m Celeste Skinner and that’s how our in-house model tests out this Wednesday morning. Stay with us throughout your trading day.
Good morning traders, let’s see where the Support and Resistance levels stand this Wednesday.
Euro/Dollar has been steadily trending North, and it now has R1 of 1 1130 and S1 of 1 1090.
All three resistance lines have found exactly one match each. Among these, R2 is a 6 month high and R3 is a psychological level. Standing at a 20 day moving average, S3 sees 6 confirmations. S1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, while S2 is a psychological level with 3 models.
The Cable has been moving in waves, but it currently stands between R1 of 1 2950 and S1 of 1 2910.
Standing near a 6 month high, R1 is well confirmed with 15 studies. R2 has found 6 matches, including Price Channel Indicator Upper Line, Bollinger Upper Band and a psychological level, while R3 sees a single confirmation. S2 is a 20 day moving average with 9 models, and the highest support line has found 8 matches. Bollinger Lower Band is among the 2 studies for S3.
Dollar/Yen has been moving lower, and it’s now trading in the range limited by R1 of 112 60 and S1 of 112 30.
Rl leads in resistance with 8 models, and Price Channel Indicator Upper Line is among the 3 studies for R3. Standing at a 100 day moving average, R2 sees 2 confirmations. S1 counts a 150 day moving average among its 4 models, and S2 is a 50 day moving average with 2 technicals. A psychological level is the only match for S3.
And Dollar/Swiss Franc is down as well, as it finds itself below R1 of 0 9840 and above S1 of 0 9810.
R3 is confirmed by 10 models, including Bollinger Upper Band and Price Channel Indicator Upper Line. R2 has found 5 matches, including a major psychological level and a 50 day moving average, while R1 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other technicals. S1 leads in support with 2 studies, and the other 2 lines have found a single match each. S3 is a 6 month low.
I’m Celeste Skinner and that’s how our in-house model tests out this Wednesday morning. Stay with us throughout your trading day.
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