Tuesday Support and Resistance Levels – July 18, 2017
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar has seen a rise and now has the closest levels of 1 1550 in resistance and 1 15 in support.
Bollinger Upper Band is among the 2 studies for R2, while the other two resistance lines have found just a single match each. R3 is a 2 year high. Standing at a former 12 month high, S2 has found 9 matches, and the highest support line sees 5 confirmations. S3 is a 20 day moving average with 4 models.
The Cable is trading in the range limited by R1 of 1 3110 and S1 of 1 3080.
R1 counts Price Channel Indicator Upper Line among its 4 studies, and R2 is Bollinger Upper Band with 2 models. A 12 month high is the only match for R3. S3 counts a 50 day moving average among its 9 studies, and the highest support line sees 4 confirmations. S2 is a former 6 month high with 3 models.
Dollar/Yen has inched lower and now finds itself between R1 of 112 30 and S1 of 111 90.
R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 5 other studies, while R2 is a 150 day moving average with 6 models. The lowest resistance line has found 3 matches. Standing near a 100 day moving average, S1 sees 3 confirmations, and Bollinger Lower Band is among the 2 studies for S2. S3 is a psychological level with a single match.
And Dollar/Swiss Franc stands below R1 of 0 9630 and above S1 of 0 9590.
R1 is the most confirmed resistance line with 13 models, and R2 counts a 20 day moving average among its 11 studies. Price Channel Indicator Upper Line is among the 3 matches for R3. S2 is backed up by a 12 month low, Bollinger Lower Band, Price Channel Indicator Lower Line and 4 other models. The highest support line sees 5 confirmations, and S3 is a psychological level with 2 studies.
This article was originally posted on FX Empire