Tuesday Support and Resistance Levels – January 09, 2018

Good morning, traders, the team is here with Tuesday’s Support and Resistance Level Report.

Euro/Dollar has seen a decline, which leaves it between R1 of 1 1990 and S1 of 1 1950. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line, a 2 year high and 4 other models. R1 counts a psychological level among its 5 studies, and the highest resistance line has found a single match. S1 sees 4 confirmations, while S3 is supported by Price Channel Indicator Lower Line, a 150 day moving average and 2 other studies. S2 is a 100 day moving average with 3 models.

The Cable has been moving in waves, but it now stands below R1 of 1 3580 and above S1 of 1 3550. The lowest resistance line has found 7 matches, and R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other studies. R3 is a 12 month high with 3 models. S1 leads in support with 8 studies, and S2 is a 20 day moving average with 6 confirmations. A 50 day moving average is among the 2 models for S3.

Dollar/Yen went down early this morning, and it now has R1 of 112 80 and S1 of 112 50. R1 is well confirmed with 15 models, including a 20 day moving average, and Price Channel Indicator Upper Line is among the 3 studies for R3. The second line counts Bollinger Upper Band among its 2 matches. S2 is supported by Bollinger Lower Band, a 100 day moving average and 7 other studies, and S1 sees 4 confirmations. S3 has found 3 matches, including Price Channel Indicator Lower Line and a 150 day moving average.

And Dollar/Swiss Franc has the closest levels of 0 9790 in resistance and 0 9750 in support. Standing at a 100 day moving average, R1 leads in resistance with 11 studies, whereas the upper two lines have found 2 matches each. R2 is a 20 day moving average, and R3 is a 50 day moving average. S1 is well supported with 12 studies, including a 150 day moving average. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other technicals, and S3 counts a psychological level as its only confirmation.