Tuesday Support and Resistance Levels – July 04, 2017
This is the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has seen a drop, which leaves it below R1 of 1 1360 and above S1 of 1 1330.
R2 is backed up by Price Channel Indicator Upper Line, a 12 month high and 6 other studies, while the lowest resistance line has found 5 matches. R3 is a psychological level with 2 studies. S3 leads in support with 5 models, including Price Channel Indicator Lower Line and a 50 day moving average. S1 has found 3 matches, and S2 is a 20 day moving average with 2 technicals.
The Cable is down as well, and it now stands between R1 of 1 2950 and S1 of 1 2910.
R2 has found 7 matches, including Price Channel Indicator Upper Line and Bollinger Lower Band, while R3 counts a 6 month high among its 3 studies. The lowest resistance line sees 2 confirmations. Standing at a 20 day moving average, S3 has found 2 matches, while the upper two lines see a single confirmation each. S2 is a 50 day moving average.
Dollar/Yen currently has the closest levels of 113 20 in resistance and 112 90 in support.
The upper two resistance lines have found 2 matches each, including Price Channel Indicator Upper Line for R2 and a psychological level for R3, whereas Bollinger Upper Band is the only model for R1. Standing near a 20 day moving average, S3 is well confirmed with 11 studies, and S1 is a 150 day moving average with 6 confirmations. S2 counts a 100 day moving average among its 5 models.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9650 and S1 of 0 9610.
R2 is the most confirmed resistance line with 12 models, and R1 has found 6 matches. R3 is backed up by Price Channel Indicator Upper Line, a 50 day moving average and 2 other technicals. S2 leads in support with 10 studies, including Bollinger Lower Band, Price Channel Indicator Lower Line and a 12 month low. S1 has found 8 confirmations, and S3 is a psychological level with 2 models.
This article was originally posted on FX Empire