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  • 10 years ago
Hello, I'm Jessica Walker with the Support and Resistance Level Report for Tuesday. Here's how our in-house model tests out today.
Euro/Dollar has been trending South, and it is now trading in the range limited by R1 of 1 0710 and S1 of 1 0640.
R1 leads in resistance with 5 models, and R2 counts a 6 month low among its 4 studies. R3 is a 20 day moving average with 2 confirmations. S2 is Bollinger Lower Band with 2 studies, and the other two support lines have found a single match each, including a psychological level for S3.
Pound/Dollar is down as well, and it currently has the closest levels of 1 5190 in resistance and 1 5160 in support.
The lowest resistance line has found 7 matches, and R3 is a 50 day moving average with 3 confirmations. A 20 day moving average is among the 2 studies for R2. S2 is a 3 month low with 8 confirmations, and the highest support line has found 5 matches. S3 counts Bollinger Lower Band among its 3 studies.
Dollar/Yen has gained some ground, and it now stands between R1 of 123 50 and S1 of 123 20.
R1 counts Price Channel Indicator Upper Line among its 6 studies. Bollinger Upper Band is among the 2 models for R2, and a psychological level is the only match for R3. S1 leads in support with 9 models, and S2 is a 150 day moving average with 7 studies. Standing at an important psychological level, S3 has found 2 confirmations.
And Dollar/Swiss Franc has inched up, as it finds itself below R1 of 1 0120 and above S1 of 1 0090.
R3 is a 4 year high with 4 confirmations, and the lowest resistance line has found 3 matches. R2 counts Bollinger Upper Band among its 2 models. Standing near a 6 month high, S3 is well confirmed with 10 studies. S2 is a psychological level with 6 matches, and the highest support line sees 5 confirmations.
You've been watching the Support and Resistance Level Report for Tuesday. Check back in tomorrow for the next overview of the key price levels. Goodbye.
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