Tuesday Support and Resistance Levels – December 12, 2017

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

Euro/Dollar has the closest levels of 1 1790 in resistance and 1 1760 in support. Standing near a 100 day moving average, R1 sees 10 confirmations. R2 is a 20 day moving average with 7 models, and Bollinger Upper Band is among the 3 studies for R3. S1 counts a 50 day moving average among its 6 studies, and S3 is supported by Price Channel Indicator Lower Line, a 150 day moving average and another model. S2 counts Bollinger Lower Band among its 2 technicals.

The Cable has lost some ground and now stands between R1 of 1 3370 and S1 of 1 3340. The lowest resistance line has found 6 matches. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and R2 is a psychological level with 4 studies. Standing at a 20 day moving average, S1 sees 4 confirmations, whereas the lower two support lines have found a single match each, that is, a 50 day moving average for S2 and a 100 day moving average for S3.

Dollar/Yen is trading in the range limited by R1 of 113 70 and S1 of 113 40. Bollinger Upper Band is among the 6 studies for R1, and R2 is a 6 month high with 4 confirmations. Standing at a psychological level, R3 has found 2 matches. S2 is a 20 day moving average with 8 models, and the highest support line has found 6 matches. S3 counts a 150 day moving average among its 2 confirmations.

And Dollar/Swiss Franc finds itself below R1 of 0 9930 and above S1 of 0 99. The lower two resistance lines have found 5 matches each, including Bollinger Upper Band for R2, whereas R3 is backed up by a psychological level, Price Channel Indicator Upper Line and 2 other studies. Standing at a 50 day moving average, S2 is well confirmed with 11 studies. The highest support line has found 9 matches, and S3 sees 8 confirmations.