Let’s take a look at the closest support and resistance levels according to our proprietary model for the 4 non-cross majors ahead of Tuesday’s trading day. Euro/Dollar trades between R1 of 1 0440 and S1 of 1 0390. R1 leads in resistance with 6 confirmations. R3 follows with 5 matches and it’s a 20 day moving average. There are 3 alternative studies near R2, which is a psychological level. S1 has found 3 matches, including a Bollinger lower band. S2 follows with 2 matches and only a single study is near S3. The Cable is currently below R1 of 1 2410 and above S1 of 1 2360. A 50 day moving average is one of the 5 confirmations for R1. R3 posts 4 matches and it’s a psychological level. 2 alternative studies are near R2. S2 and S3 both have 2 confirmations. The second line is a Bollinger lower band and S3 is a price channel indicator lower line. S1 is yesterday’s low. Dollar/Yen has R1 of 117 80 and S1 of 117 10. R2 posts 6 confirmations and a Bollinger upper band is among them. R1 follows with 4 matches and R3 is backed up by a price channel indicator upper line and a weekly high. S3 is a psychological level and it has a total of 4 confirmations. S2 posts 3 matches and 2 models are near S1. Last up is the Dollar/Swissie, trading between R1 of 1 0290 and S1 of 1 0220. Bollinger upper band is one of the 6 confirmations for R1. 5 alternative studies are near R2, which is a 4 year high and a price channel indicator upper line. There’s just a single match for R3. S2 posts 8 confirmations, including a 20 day moving average. 5 alternative studies are near S1 and S3 is backed up by a Bollinger lower band and a price channel indicator lower line. I’m Kiays Khalil and this is how our model tests out today. Click back for Wednesday’s report, but for now, goodbye.
Let’s take a look at the closest support and resistance levels according to our proprietary model for the 4 non-cross majors ahead of Tuesday’s trading day.
Euro/Dollar trades between R1 of 1 0440 and S1 of 1 0390.
R1 leads in resistance with 6 confirmations. R3 follows with 5 matches and it’s a 20 day moving average. There are 3 alternative studies near R2, which is a psychological level. S1 has found 3 matches, including a Bollinger lower band. S2 follows with 2 matches and only a single study is near S3.
The Cable is currently below R1 of 1 2410 and above S1 of 1 2360.
A 50 day moving average is one of the 5 confirmations for R1. R3 posts 4 matches and it’s a psychological level. 2 alternative studies are near R2. S2 and S3 both have 2 confirmations. The second line is a Bollinger lower band and S3 is a price channel indicator lower line. S1 is yesterday’s low.
Dollar/Yen has R1 of 117 80 and S1 of 117 10.
R2 posts 6 confirmations and a Bollinger upper band is among them. R1 follows with 4 matches and R3 is backed up by a price channel indicator upper line and a weekly high. S3 is a psychological level and it has a total of 4 confirmations. S2 posts 3 matches and 2 models are near S1.
Last up is the Dollar/Swissie, trading between R1 of 1 0290 and S1 of 1 0220.
Bollinger upper band is one of the 6 confirmations for R1. 5 alternative studies are near R2, which is a 4 year high and a price channel indicator upper line. There’s just a single match for R3. S2 posts 8 confirmations, including a 20 day moving average. 5 alternative studies are near S1 and S3 is backed up by a Bollinger lower band and a price channel indicator lower line.
I’m Kiays Khalil and this is how our model tests out today. Click back for Wednesday’s report, but for now, goodbye.
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