Tuesday Support and Resistance Levels – September 26, 2017

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

Euro/Dollar has been trending lower, and it now has R1 of 1 1860 and S1 of 1 1830. Standing at a 20 day moving average, R2 sees 10 confirmations, while the other two resistance lines have found 3 matches each, including Bollinger Upper Band for R3. S1 is supported by a 50 day moving average, Bollinger Lower Band and 2 other models, and Price Channel Indicator Lower Line is among the 2 studies for S2. The lowest support line sees a single confirmation. The Cable is down as well, trading in the range limited by R1 of 1 35 and S1 of 1 3460.

R1 is a psychological level with 9 models, and Price Channel Indicator Upper Line is among the 2 studies for R2. R3 counts Bollinger Upper Band as its only model. All the decline notwithstanding, S3 is still a 6 month high with 4 technicals, whereas the highest support line has found 3 matches. Standing near a 12 month high, S2 sees 2 confirmations.

Dollar/Yen saw a drop yesterday, which leaves it below R1 of 111 70 and above S1 of 111 30. The lowest resistance line has found 3 matches, and R2 is Price Channel Indicator Upper Line with 2 studies. Bollinger Upper Band is among the 2 models for R3. Standing near a 100 day moving average, S2 sees 7 confirmations, and S1 counts a 150 day moving average among its 6 studies. S3 is a 50 day moving average with 4 models.

And Dollar/Swiss Franc has also seen a decline, which leaves it between R1 of 0 97 and S1 of 0 9670. R3 counts a 150 day moving average among its 4 studies, and R2 is Price Channel Indicator Upper Line with 3 models. The lowest resistance line has found 2 matches. A 20 day moving average is among the 9 studies for S3, and S2 is a 50 day moving average with 8 models. Standing at a 100 day moving average, S1 sees 6 confirmations.