You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1340 and S1 of 1 13. Standing at a 3 month high, R2 is well confirmed with 11 studies, and the lowest line has found 5 matches. Price Channel Indicator Upper Line is among the 3 models for R3. The highest support line counts a 20 day moving average among its 6 studies. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and another models, and S2 is a 50 day moving average with 2 matches. The Cable has gained some ground, and it now stands between R1 of 1 4340 and S1 of 1 4260. R3 is confirmed by Price Channel Indicator Upper Line, a psychological level and 2 other studies, whereas the other two resistance lines have found 2 matches each, including Bollinger Upper Band for R2. Standing at a 50 day moving average, S2 sees 6 confirmations, and the highest support line has found 3 matches. Bollinger Lower Band is among the 2 models for S3. Dollar/Yen is up as well, and it has the closest levels of 109 20 in resistance and 108 80 in support. R2 leads in resistance with 5 models, including a 20 day moving average and a 12 month low. The lowest line has found 3 matches, and R3 counts a 50 day moving average as its only confirmation. The highest support line has found 3 matches, and Price Channel Indicator Lower Line is among the 2 models for S2. S3 is a psychological level with 2 confirmations. And Dollar/Swiss Franc has inched lower, as it now has R1 of 0 9660 and S1 of 0 9630. R1 is the most confirmed resistance line with 12 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 50 day moving average and another study, and the second line has found 2 matches. S2 is well confirmed with 11 studies, including a 3 month low, while S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 4 other models. S1 counts a 20 day moving average among its 6 studies. I’m Celeste Skinner and that’s all for Tuesday’s Support and Resistance Level Report. Stay with the Dukascopy TV for our ongoing coverage of the forex markets. Goodbye for now.
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today.
First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 1340 and S1 of 1 13.
Standing at a 3 month high, R2 is well confirmed with 11 studies, and the lowest line has found 5 matches. Price Channel Indicator Upper Line is among the 3 models for R3. The highest support line counts a 20 day moving average among its 6 studies. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and another models, and S2 is a 50 day moving average with 2 matches.
The Cable has gained some ground, and it now stands between R1 of 1 4340 and S1 of 1 4260.
R3 is confirmed by Price Channel Indicator Upper Line, a psychological level and 2 other studies, whereas the other two resistance lines have found 2 matches each, including Bollinger Upper Band for R2. Standing at a 50 day moving average, S2 sees 6 confirmations, and the highest support line has found 3 matches. Bollinger Lower Band is among the 2 models for S3.
Dollar/Yen is up as well, and it has the closest levels of 109 20 in resistance and 108 80 in support.
R2 leads in resistance with 5 models, including a 20 day moving average and a 12 month low. The lowest line has found 3 matches, and R3 counts a 50 day moving average as its only confirmation. The highest support line has found 3 matches, and Price Channel Indicator Lower Line is among the 2 models for S2. S3 is a psychological level with 2 confirmations.
And Dollar/Swiss Franc has inched lower, as it now has R1 of 0 9660 and S1 of 0 9630.
R1 is the most confirmed resistance line with 12 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 50 day moving average and another study, and the second line has found 2 matches. S2 is well confirmed with 11 studies, including a 3 month low, while S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 4 other models. S1 counts a 20 day moving average among its 6 studies.
I’m Celeste Skinner and that’s all for Tuesday’s Support and Resistance Level Report. Stay with the Dukascopy TV for our ongoing coverage of the forex markets. Goodbye for now.
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