Tuesday Support and Resistance Levels – September 05, 2017

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

Euro/Dollar is trading in the range limited by R1 of 1 1920 and S1 of 1 1880. R1 leads in resistance with 9 confirmations. R2 follows with 7 matches and it’s a Bollinger upper band. There are 2 studies near R3, which is a psychological level. S1 has found 7 matches. S2 and S3 have 4 confirmations each. The second line is confirmed by a 20 day moving average and S3 is backed up by a 50 day moving average, a Bollinger lower band and a price channel indicator lower line.

The Cable stands between R1 of 1 2970 and S1 of 1 2910. R1 is near a 50 day moving average and 4 more models. R2 is a psychological level with a total of 4 matches and 2 studies are near R3, which is a Bollinger upper band. S1 is confirmed by a 100 day moving average and 6 more models. S2 follows with 5 confirmations and it’s a Bollinger lower band. A 150 day moving average is among the 2 matches for S3.

Dollar/Yen has been trending lower, and it now has R1 of 109 40 and S1 of 108 60. R2 is a psychological level and it has a total of 8 confirmations. There are 7 matches for R1 and 3 studies are near R3, which is a Bollinger upper band. S2 has a price channel indicator lower line among its 5 confirmations. S1 has found 4 matches and it’s a Bollinger lower band. S3 is a psychological level.

And last up is the Dollar/Swiss Franc, which finds itself below R1 of 0 9620 and above S1 of 0 9530.

R1 leads in resistance with 6 confirmations, including a 50 day moving average. R3 has a price channel indicator upper line among its 3 confirmations and there are 2 studies near R2, which is a 100 day moving average. S2 has a price channel indicator lower line and a 2 year low among its 8 confirmations. There are 6 studies near S1, which is a Bollinger lower band and only a single match for S3.