Tuesday Support and Resistance Levels – January 16, 2018

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

Euro/Dollar has held the ground it gained yesterday, standing between R1 of 1 23 and S1 of 1 2250.

Price Channel Indicator Upper Line is among the 3 models for R1, whereas the upper two resistance lines have found a single match each. R3 is a psychological level. Standing at a former 2 year high, S2 sees 5 confirmations, and S3 is a psychological level with 4 studies. The highest support line has found 2 matches.

The Cable is currently trading in the range limited by R1 of 1 3820 and S1 of 1 3760. R1 is Price Channel Indicator Upper Line with 3 studies, and R2 counts a psychological level as its only match. R3 sees a single confirmation. S3 supported by a 20 day moving average, a psychological level and 5 other studies, and S2 is a former 12 month high with 3 models. The highest support line sees a single confirmation.

Dollar/Yen finds itself below R1 of 111 and above S1 of 110 70. R3 counts a 50 day moving average among its 8 studies, and the lowest resistance line has found 7 matches. R2 is a 150 day moving average with 3 models. S1 leads in support with 2 studies, while the other two support lines have found 3 matches each, including Price Channel Indicator Lower Line for S2 and a psychological level for S3.

And Dollar/Swiss Franc has the closest levels of 0 9660 in resistance and 0 9610 in support. R2 is a 150 day moving average with 10 studies, and R3 counts a 50 day moving average among its 3 models. The lowest resistance line has found 2 matches. A 2 year low is among the 4 studies for S3, and S1 counts Price Channel Indicator Lower Line among its 3 models. S2 is a psychological level with 2 confirmations.