Hello, I'm Jessica Walker with another Support and Resistance Level Report. Here's how our in-house model tests out this Tuesday.
Euro/Dollar has mostly been trading sideways, and it has R1 of 1 0770 and S1 of 1 0710.
Standing at a 5 year high, R2 sees 5 confirmations, and R3 is a psychological level with 4 studies. The lowest resistance line has found 2 matches. Price Channel Indicator Lower Line is among the 3 models for S1, and S2 counts Bollinger Lower Band among its 2 studies. S3 counts a psychological level as its only match.
Pound/Dollar has regained some ground, and it currently stands between R1 of 1 5130 and S1 of 1 51.
R1 counts a 150 day moving average among its 9 models. Standing at a 50 day moving average, R2 sees 4 confirmations, and the lowest resistance line has found a single match. S1 is supported by Bollinger Lower Band, a 6 month low and 4 other models. S2 is Price Channel Indicator Lower Line with 4 confirmations, and a psychological level is among the 2 studies for S3.
Next up is the Dollar/Yen, which is trading in the range limited by R1 of 123 30 and S1 of 122 90.
The lowest resistance line has found 8 confirmations, and R2 counts Price Channel Indicator Upper Line among its 3 models. R3 is a psychological level with 2 matches. Standing near a 20 day moving average, S3 sees 8 confirmations, and S2 counts a 150 day moving average among its 7 models. The highest support line has found 3 matches.
And the last pair for this report is the Dollar/Swiss Franc, which stands below R1 of 1 0050 and above S1 of 1.
R1 is the most confirmed resistance line with 7 studies. R2 counts Price Channel Indicator Upper Line among its 3 models, and Bollinger Upper Band is among the 2 matches for R3. Standing at a 6 month high, S2 is well confirmed with 11 models, and S1 is an important psychological level with 4 studies. S3 counts a 20 day moving average as its only match.
That concludes the Support and Resistance Level Report for Tuesday, but we'll be back tomorrow with the next one, so see you then.
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