Tuesday Support and Resistance Levels – August 22, 2017

Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report.

Euro/Dollar has seen a rise, which leaves it between R1 of 1 1820 and S1 of 1 1780.

R2 counts a 2 year high among its 7 studies, while the lowest resistance line has found 3 matches. Price Channel Indicator Upper Line is the only model for R3. Standing near a 20 day moving average, S1 sees 9 confirmations. S2 counts Bollinger Lower Band among its 3 studies, and Price Channel Indicator Lower Line is among the 2 models for S3.

The Cable has the closest levels of 1 29 in resistance and 1 2870 in support.
Standing at a psychological level, R3 sees 8 confirmations. R2 is a 50 day moving average with 5 models, while the lowest resistance line has found 4 matches. S1 is well confirmed with 17 studies, including a 100 day moving average, and S2 counts Price Channel Indicator Lower Line among its 4 models. S3 is a 150 day moving average with 2 matches.

Dollar/Yen has been moving in waves, but it now stands below R1 of 109 40 and above S1 of 109.

A psychological level is among the 6 studies for R2, whereas the lowest resistance has found 5 matches. R3 is a 100 day moving average with 3 models. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other technicals, and S1 sees 5 confirmations. S3 counts a 6 month low as its only match.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9650 and S1 of 0 9620.

R1 is well confirmed with 12 models, including a 50 day moving average. The second resistance line has found 7 matches, while R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 100 day moving average and 2 other studies. S1 leads in support with 8 models, and S3 has found 6 matches, including Price Channel Indicator Lower Line and a 12 month low. Bollinger Lower Band is the only confirmation for S2.