Tuesday Support and Resistance Levels – August 15, 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 lower and now has R1 of 1 1780 and S1 of 1 1750.
Standing at a 2 year high, R2 is well confirmed with 11 studies. The lowest resistance line has found 7 matches, while R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model. S1 leads in support with 11 studies, and S2 counts a 20 day moving average among its 3 matches. Bollinger Lower Band is among the 2 models for S3.

The Cable has the closest levels of 1 2970 in resistance and 1 2940 in support.
R2 is a psychological level with 13 models, whereas the lowest resistance line has found 9 matches. R3 counts a 20 day moving average among its 6 studies. S1 is confirmed by Price Channel Indicator Lower Line, a 50 day moving average and 4 other models. S2 counts Bollinger Lower Band among its 2 studies, while a 100 day moving average is the only match for S3.

Dollar/Yen has been trending higher, and it currently stands between R1 of 110 70 and S1 of 110 30.

R1 counts a 20 day moving average among its 9 confirmations. R2 is a 100 day moving average with 3 models, and Bollinger Upper Band is among the 2 studies for R3. Standing at a psychological level, S2 sees 8 confirmations, while the highest support line has found 5 matches. S3 counts Price Channel Indicator Lower Line among its 4 models.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9770 and S1 of 0 9730.

R1 is backed up by Price Channel Indicator Lower Line, a 100 day moving average and 3 other models, while the upper two resistance lines see 2 confirmations each. R2 is a 150 day moving average, and R3 is a major psychological level. S1 leads in support with 8 models, and S2 is a 50 day moving average with 6 matches. A psychological level is among the 2 studies for S3.