You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar currently has the closest levels of 1 1210 in resistance and 1 1160 in support.
R1 counts a 20 day moving average among its 12 studies, while R2 has found 7 matches, including a 6 month high and Bollinger Upper Band. A 12 month high is the only model for R3. S1 is the most confirmed support line with 14 models. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, while S3 is a psychological level with 2 confirmations.
The Cable is trading in the range limited by R1 of 1 2740 and S1 of 1 2710.
R1 leads in resistance with 15 models, and R2 is a 20 day moving average with 7 studies. A 50 day moving average is among the 2 matches for R3. Standing near a 100 day moving average, S2 sees 6 confirmations. The highest support line has found 5 matches, whereas S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
Dollar/Yen finds itself between R1 of 111 90 and S1 of 111 60.
R1 is confirmed by Price Channel Indicator Upper Line, a 100 day moving average and 3 other models, while the other two resistance lines have found 2 matches each, including a 150 day moving average for R2. Standing at a 20 day moving average, S2 is well confirmed with 13 studies. The highest support line has found 7 matches, and S3 is a psychological level with 3 models.
And Dollar/Swiss Franc stands below R1 of 0 9740 and above S1 of 0 9710.
R1 is the most confirmed resistance line with 18 models, and Bollinger Upper Band is among the 6 studies for R2. R3 is backed up by Price Channel Indicator Upper Line, a 50 day moving average and another technical. Standing near a 20 day moving average, S1 sees 15 confirmations, and S2 is a 6 month low with 5 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
I’m Celeste Skinner and this was the Support and Resistance Level Report for Tuesday. Stay with us for more ongoing coverage of the forex markets.

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