It’s time for Wednesday’s Support and Resistance Level Report. Here’s how our in-house model tests out today. Euro/Dollar is up, and it currently stands below R1 of 1 0960 and above S1 of 1 0930. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average, a psychological level and 2 other models, whereas the lowest resistance line has found 4 matches. R3 is a 150 day moving average with 2 matches. S2 is well confirmed with 14 studies, including a 20 day moving average. The highest support line has found 5 matches, and Bollinger Lower Band is the only model for S3. On the other hand, Pound/Dollar has seen a decline, and it finds itself between R1 of 1 4220 and S1 of 1 4130. The second resistance line has found 4 matches, and R3 is a psychological level with 2 studies. R1 sees a single confirmation. S1 counts Price Channel Indicator Lower Line among its 2 models, and S2 is another psychological level with 2 studies. The lowest support line has found a single match. Dollar/Yen is trading in the range limited by R1 of 117 20 and S1 of 116 50. R1 is the most confirmed resistance line with 6 studies. R3 is an important psychological level with 3 matches, and R2 counts a 20 day moving average among its 2 models. S2 is backed up by a 6 month low, Bollinger Lower Band and another study, and the highest support line has found 2 matches. Standing near a psychological level, S3 sees 2 confirmations. And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 1 0020 and S1 of 0 9990. Standing at a 50 day moving average, R1 sees 6 confirmations. R3 is a 4 year high with 5 matches, and R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 leads in support with 10 studies, including a psychological level and a 20 day moving average. S2 is a 100 day moving average with 2 matches, and Price Channel Indicator Lower Line is the only confirmation for S3. That was me, Jessica Walker, with Wednesday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
It’s time for Wednesday’s Support and Resistance Level Report. Here’s how our in-house model tests out today.
Euro/Dollar is up, and it currently stands below R1 of 1 0960 and above S1 of 1 0930.
R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average, a psychological level and 2 other models, whereas the lowest resistance line has found 4 matches. R3 is a 150 day moving average with 2 matches. S2 is well confirmed with 14 studies, including a 20 day moving average. The highest support line has found 5 matches, and Bollinger Lower Band is the only model for S3.
On the other hand, Pound/Dollar has seen a decline, and it finds itself between R1 of 1 4220 and S1 of 1 4130.
The second resistance line has found 4 matches, and R3 is a psychological level with 2 studies. R1 sees a single confirmation. S1 counts Price Channel Indicator Lower Line among its 2 models, and S2 is another psychological level with 2 studies. The lowest support line has found a single match.
Dollar/Yen is trading in the range limited by R1 of 117 20 and S1 of 116 50.
R1 is the most confirmed resistance line with 6 studies. R3 is an important psychological level with 3 matches, and R2 counts a 20 day moving average among its 2 models. S2 is backed up by a 6 month low, Bollinger Lower Band and another study, and the highest support line has found 2 matches. Standing near a psychological level, S3 sees 2 confirmations.
And last up is the Dollar/Swiss Franc, which is trading in the range limited by R1 of 1 0020 and S1 of 0 9990.
Standing at a 50 day moving average, R1 sees 6 confirmations. R3 is a 4 year high with 5 matches, and R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 leads in support with 10 studies, including a psychological level and a 20 day moving average. S2 is a 100 day moving average with 2 matches, and Price Channel Indicator Lower Line is the only confirmation for S3.
That was me, Jessica Walker, with Wednesday’s Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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