You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar is currently trading in the range limited by R1 of 1 1770 and S1 of 1 1740. R3 is confirmed by Bollinger Upper Band, a 50 day moving average and 6 other studies, and R1 counts a 20 day moving average among its 7 models. The second line has found 5 matches. S1 leads in support with 9 confirmations, and Bollinger Lower Band is among the 4 models for S2. S3 is backed up by Price Channel Indicator Lower Line, a 100 day moving average and another study. The Cable has the closest levels of 1 3220 in resistance and 1 3180 in support.
R2 counts a 20 day moving average among its 6 studies, while the lowest resistance line has found 5 matches. R3 is Bollinger Upper Band with 2 confirmations. Standing near a 50 day moving average, S1 has found 10 matches. S2 is supported by Bollinger Lower Band, a 100 day moving average and another model, and S3 counts a 150 day moving average among its 2 studies. Dollar/Yen has been moving in waves, but it now stands below R1 of 113 60 and above S1 of 113 30.
The lowest resistance line has found 4 matches, and R2 counts Price Channel Indicator Upper Line among its 3 studies. R3 is a psychological level with 2 models. Bollinger Lower Band is among the 7 studies for S3, and the highest support line has found 6 matches. S2 counts a 20 day moving average among its 5 technicals.
And Dollar/Swiss Franc finds itself below R1 of 0 9880 and above S1 of 0 9850. Price Channel Indicator Upper Line is among the 4 models for R1, and R3 counts a psychological level among its 3 studies. The second line has found a single match. Standing at a 20 day moving average, S2 is well confirmed with 14 models, and the highest support line has found 9 matches. S3 is backed up by Bollinger Lower Band, a 100 day moving average and 2 other studies.
This article was originally posted on FX Empire