Hello, I’m Imogen Comrie and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Tuesday. Euro/Dollar has been moving in waves, and it currently has R1 of 1 2710 and S1 of 1 2680. R1 is the most confirmed resistance line with 7 studies, and R3 counts Bollinger Upper Band among its 6 models. The second line sees 3 confirmations. Standing near a 20 day moving average, S1 has found 8 matches, and S2 is supported by 7 studies. S3 is a 2 year low with 6 models. Next up is the Pound/Dollar, which is trading in the range limited by R1 of 1 6130 and S1 of 1 61. The lowest resistance line is backed up by 3 studies, and Bollinger Upper Band is among the 2 matches for R2. R3 is a 50 day moving average with 2 models. S1 leads in support with 11 studies, including a 20 day moving average, and a former 6 month low is among the 9 matches for S2. Standing at an important psychological level, S3 sees 4 confirmations. Dollar/Yen has seen limited movement, mostly trading between R1 of 108 and S1 of 107 50. The lower two resistance line have found 8 matches each, including Bollinger Upper Band and a 4 year high for R2. R3 is confirmed by Price Channel Indicator Upper Line and a psychological level. S3 is a 50 day moving average with 7 studies, and S2 is supported by 6 models. S1 is a 20 day moving average with 5 matches. The last pair for this report is the Dollar/Swiss Franc, and its yesterday’s decline leaves it below R1 of 0 9510 and S1 of 0 9480. R1 is well confirmed with 12 studies, including a 20 day moving average, and R2 is a 12 month high with 5 matches. R3 is backed up by Bollinger Upper Band and another model. S2 counts Bollinger Lower Band among its 9 confirmations, and the highest support line has found 7 matches. S3 is a 50 day moving average with 4 studies. That concludes the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next review. Goodbye.
Hello, I’m Imogen Comrie and you’re watching another edition of the Support and Resistance Level Report. Here’s how our in-house model tests out this Tuesday.
Euro/Dollar has been moving in waves, and it currently has R1 of 1 2710 and S1 of 1 2680.
R1 is the most confirmed resistance line with 7 studies, and R3 counts Bollinger Upper Band among its 6 models. The second line sees 3 confirmations. Standing near a 20 day moving average, S1 has found 8 matches, and S2 is supported by 7 studies. S3 is a 2 year low with 6 models.
Next up is the Pound/Dollar, which is trading in the range limited by R1 of 1 6130 and S1 of 1 61.
The lowest resistance line is backed up by 3 studies, and Bollinger Upper Band is among the 2 matches for R2. R3 is a 50 day moving average with 2 models. S1 leads in support with 11 studies, including a 20 day moving average, and a former 6 month low is among the 9 matches for S2. Standing at an important psychological level, S3 sees 4 confirmations.
Dollar/Yen has seen limited movement, mostly trading between R1 of 108 and S1 of 107 50.
The lower two resistance line have found 8 matches each, including Bollinger Upper Band and a 4 year high for R2. R3 is confirmed by Price Channel Indicator Upper Line and a psychological level. S3 is a 50 day moving average with 7 studies, and S2 is supported by 6 models. S1 is a 20 day moving average with 5 matches.
The last pair for this report is the Dollar/Swiss Franc, and its yesterday’s decline leaves it below R1 of 0 9510 and S1 of 0 9480.
R1 is well confirmed with 12 studies, including a 20 day moving average, and R2 is a 12 month high with 5 matches. R3 is backed up by Bollinger Upper Band and another model. S2 counts Bollinger Lower Band among its 9 confirmations, and the highest support line has found 7 matches. S3 is a 50 day moving average with 4 studies.
That concludes the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next review. Goodbye.
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