The last 24 hours have brought some notable movements in the markets, so let’s see where the support and resistance levels stand this Tuesday. Euro/Dollar has seen a decline and is now trading between R1 of 1 1060 and S1 of 1 1020. Standing at a 20 day moving average, R2 sees 5 confirmations, whereas R1 is a 3 month high with 4 matches. R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S2 counts a 100 day moving average among its 4 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another study, while the highest line counts a 150 day moving average among its 2 models. Pound/Dollar is down as well, and it stands within the range limited by R1 of 1 4170 and S1 of 1 4080. R2 is a 20 day moving average with 3 models, and the lowest resistance line has found 2 matches. A psychological level is the only study for R3. Standing at a 4 year low, S1 sees 6 confirmations, and the other two support lines have found a single match each; moreover, they both are psychological levels. Dollar/Yen is another pair which has seen a drop, and it now has R1 of 112 50 and S1 of 112 20. R3 is backed up by a 20 day moving average, a former 12 month low and 4 other models. The lowest resistance line sees 5 confirmations, and R2 is a psychological level with 2 matches. S1 leads in support with 4 models, and S2 counts Price Channel Indicator Lower Line among its 2 studies. The lowest support line is a psychological level with 2 matches. And last up is the Dollar/Swiss Franc, which stands below R1 of 1 and S1 of 0 9940. R3 counts Price Channel Indicator Upper Line among its 3 models, and R1 is a major psychological level with 2 matches. The second line sees a single confirmation. Standing at a 100 day moving average, S1 sees 6 confirmations. S2 is a 150 day moving average with 5 matches, and Price Channel Indicator Lower Line is the only model for S3. I’m Sam Meredith and that’s how our in-house model tests out today. Check back in tomorrow for the next overview of the key price levels. Goodbye.
The last 24 hours have brought some notable movements in the markets, so let’s see where the support and resistance levels stand this Tuesday.
Euro/Dollar has seen a decline and is now trading between R1 of 1 1060 and S1 of 1 1020.
Standing at a 20 day moving average, R2 sees 5 confirmations, whereas R1 is a 3 month high with 4 matches. R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S2 counts a 100 day moving average among its 4 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another study, while the highest line counts a 150 day moving average among its 2 models.
Pound/Dollar is down as well, and it stands within the range limited by R1 of 1 4170 and S1 of 1 4080.
R2 is a 20 day moving average with 3 models, and the lowest resistance line has found 2 matches. A psychological level is the only study for R3. Standing at a 4 year low, S1 sees 6 confirmations, and the other two support lines have found a single match each; moreover, they both are psychological levels.
Dollar/Yen is another pair which has seen a drop, and it now has R1 of 112 50 and S1 of 112 20.
R3 is backed up by a 20 day moving average, a former 12 month low and 4 other models. The lowest resistance line sees 5 confirmations, and R2 is a psychological level with 2 matches. S1 leads in support with 4 models, and S2 counts Price Channel Indicator Lower Line among its 2 studies. The lowest support line is a psychological level with 2 matches.
And last up is the Dollar/Swiss Franc, which stands below R1 of 1 and S1 of 0 9940.
R3 counts Price Channel Indicator Upper Line among its 3 models, and R1 is a major psychological level with 2 matches. The second line sees a single confirmation. Standing at a 100 day moving average, S1 sees 6 confirmations. S2 is a 150 day moving average with 5 matches, and Price Channel Indicator Lower Line is the only model for S3.
I’m Sam Meredith and that’s how our in-house model tests out today. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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