Tuesday Support and Resistance Levels – August 01, 2017

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.

Euro/Dollar has been trending higher and now stands between R1 of 1 1850 and S1 of 1 18.

R1 has found 7 matches, including Price Channel Indicator Upper Line and a 2 year high, while R3 is a psychological level with 2 studies. R2 sees a single confirmation. S2 leads in support with 8 models, and S3 is a 20 day moving average with 3 studies. The highest support line has found a single match.
The Cable is up as well, and it has the closest levels of 1 3220 in resistance and 1 3180 in support.

R1 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 4 other models. R3 is a 12 month high with 2 studies, and the second lone has found a single match. S2 is the most confirmed support line with 6 models. S3 is backed up by a 20 day moving average, a psychological level and 3 other models, and S1 has found 2 matches.

Dollar/Yen has seen a decline, which leaves it below R1 of 110 40 and above S1 of 110 10.

Standing near a 100 day moving average, R2 sees 6 confirmations, and R3 is a 150 day moving average with 5 models. The lowest resistance line has found 4 matches. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and 4 other models, whereas the lower two support lines have found 2 matches each, including a 6 month low for S3.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9680 and S1 of 0 9650.

The lowest resistance line has found 7 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and a 100 day moving average is the only model for R3. S3 counts a psychological level among its 5 studies, and the upper two support lines have found a single match each, including a 50 day moving average for S1 and a 20 day moving average for S2.