Tuesday Support and Resistance Levels – September 12, 2017

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

First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 20 and S1 of 1 1950. R2 has a 2 year high and a Bollinger upper band among its 8 confirmations. R1 is a psychological level and it has a total of 6 matches. 3 studies are near R3, which is a price channel indicator upper line. S1 and S2 have 4 confirmations each and the second line is a 20 day moving average. A Bollinger lower band is among the 2 matches for S3.

The Cable has the closest levels of 1 3220 in resistance and 1 3160 in support. R1 is the most confirmed resistance level with 5 matches and it’s a price channel indicator upper line. R2 posts 4 confirmations, including a 6 month high and 3 studies are near R3. S3 has found 3 matches and it’s both a psychological level and a 50 day moving average. S1 and S2 have 2 confirmations each. The closest level is near a Bollinger upper band.

Dollar/Yen has surged and the pair finds itself below R1 of 109 50 and above S1 of 108 70. R1 and R2 have 7 matches each. The closest level is a 20 day moving average and R2 is a psychological level. R3 is backed up by a 50 day moving average and a Bollinger upper band. S1 posts 5 matches, 3 studies are near S3, which is a price channel indicator lower line and S2 is backed up by a Bollinger lower band and a 6 month low.

And last up is the Dollar/Swiss Franc, which currently stands between R1 of 0 9570 and S1 of 0 95. R1 has a total of 9 confirmations. 7 models are near R2, which is a 50 day moving average. R3 is confirmed by a Bollinger upper band. S3 has a price channel indicator lower line and a 2 year low among its 8 confirmations. S1 and S2 have 4 matches each. The first level is a psychological level and S2 is a Bollinger lower band.