It’s time for Tuesday’s Support and Resistance Level Report. Here’s how our in-house model tests out. The start of the week has been quite bullish for the Euro/Dollar, which now has R1 of 1 1990 and S1 of 1 1960. R1 is confirmed by Price Channel Indicator Upper Line, a psychological level and 4 other models, while the upper two resistance lines have found 2 matches each. A former 2 year high is now among the 7 models for S2, and S1 sees 2 confirmations. Bollinger Lower Band is the only match for S3. The Cable is up as well, and it stands between R1 of 1 2950 and S1 of 1 2920. Standing at a 50 day moving average, R1 sees 5 confirmations. Bollinger Upper Band is among the 2 models for R3, and R2 counts a psychological level as its only match. S2 is well confirmed with 11 studies, including a 100 day moving average, and the highest support line has found 3 matches. Price Channel Indicator Lower Line is among the 3 models for S3. Dollar/Yen, meanwhile, has been inching lower, and it finds itself below R1 of 108 90 and above S1 of 108 50. A 20 day moving average is among the 6 studies for R2, and the lowest resistance line has found 5 matches. R3 is confirmed by Bollinger Upper Band, a 100 day moving average and 2 other models. S2 counts a 6 month low among its 3 studies, and Bollinger Lower Band is among the 2 models for S1. S3 has found a single match, namely, a psychological level. And Dollar/Swiss Franc is down as well, as it has the closest levels of 0 9540 in resistance and 0 95 in support. R2 is a 50 day moving average with 8 matches, while the lowest resistance line sees 7 confirmations. R3 counts a 100 day moving average among its 3 studies. Standing at a 12 month low, S2 sees 5 confirmations. S1 is backed up by Price Channel Indicator Lower Line, a psychological level and 2 other studies, and S3 counts a 2 year low as its only match. You’ve been watching the Support and Resistance Level Report with me, Jessica Walker. Check back in tomorrow for the next overview.
It’s time for Tuesday’s Support and Resistance Level Report. Here’s how our in-house model tests out.
The start of the week has been quite bullish for the Euro/Dollar, which now has R1 of 1 1990 and S1 of 1 1960.
R1 is confirmed by Price Channel Indicator Upper Line, a psychological level and 4 other models, while the upper two resistance lines have found 2 matches each. A former 2 year high is now among the 7 models for S2, and S1 sees 2 confirmations. Bollinger Lower Band is the only match for S3.
The Cable is up as well, and it stands between R1 of 1 2950 and S1 of 1 2920.
Standing at a 50 day moving average, R1 sees 5 confirmations. Bollinger Upper Band is among the 2 models for R3, and R2 counts a psychological level as its only match. S2 is well confirmed with 11 studies, including a 100 day moving average, and the highest support line has found 3 matches. Price Channel Indicator Lower Line is among the 3 models for S3.
Dollar/Yen, meanwhile, has been inching lower, and it finds itself below R1 of 108 90 and above S1 of 108 50.
A 20 day moving average is among the 6 studies for R2, and the lowest resistance line has found 5 matches. R3 is confirmed by Bollinger Upper Band, a 100 day moving average and 2 other models. S2 counts a 6 month low among its 3 studies, and Bollinger Lower Band is among the 2 models for S1. S3 has found a single match, namely, a psychological level.
And Dollar/Swiss Franc is down as well, as it has the closest levels of 0 9540 in resistance and 0 95 in support.
R2 is a 50 day moving average with 8 matches, while the lowest resistance line sees 7 confirmations. R3 counts a 100 day moving average among its 3 studies. Standing at a 12 month low, S2 sees 5 confirmations. S1 is backed up by Price Channel Indicator Lower Line, a psychological level and 2 other studies, and S3 counts a 2 year low as its only match.
You’ve been watching the Support and Resistance Level Report with me, Jessica Walker. Check back in tomorrow for the next overview.
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