Good morning, traders, the Dukascopy TV team is here with Tuesday’s Support and Resistance Level Report.
Euro/Dollar has been trending lower, and it now has R1 of 1 1860 and S1 of 1 1830.
Standing at a 20 day moving average, R2 sees 10 confirmations, while the other two resistance lines have found 3 matches each, including Bollinger Upper Band for R3. S1 is supported by a 50 day moving average, Bollinger Lower Band and 2 other models, and Price Channel Indicator Lower Line is among the 2 studies for S2. The lowest support line sees a single confirmation.
The Cable is down as well, trading in the range limited by R1 of 1 35 and S1 of 1 3460.
R1 is a psychological level with 9 models, and Price Channel Indicator Upper Line is among the 2 studies for R2. R3 counts Bollinger Upper Band as its only model. All the decline notwithstanding, S3 is still a 6 month high with 4 technicals, whereas the highest support line has found 3 matches. Standing near a 12 month high, S2 sees 2 confirmations.
Dollar/Yen saw a drop yesterday, which leaves it below R1 of 111 70 and above S1 of 111 30.
The lowest resistance line has found 3 matches, and R2 is Price Channel Indicator Upper Line with 2 studies. Bollinger Upper Band is among the 2 models for R3. Standing near a 100 day moving average, S2 sees 7 confirmations, and S1 counts a 150 day moving average among its 6 studies. S3 is a 50 day moving average with 4 models.
And Dollar/Swiss Franc has also seen a decline, which leaves it between R1 of 0 97 and S1 of 0 9670.
R3 counts a 150 day moving average among its 4 studies, and R2 is Price Channel Indicator Upper Line with 3 models. The lowest resistance line has found 2 matches. A 20 day moving average is among the 9 studies for S3, and S2 is a 50 day moving average with 8 models. Standing at a 100 day moving average, S1 sees 6 confirmations.
Well, that’s how our in-house model tests out today. I’m Celeste Skinner and the next report will be available tomorrow morning. Goodbye.

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