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Tuesday Support and Resistance Levels – November 14, 2017

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

Euro/Dollar has the closest levels of 1 1690 in resistance and 1 1660 in support. Standing at a 20 day moving average, R1 sees 6 confirmations, and R2 is a 100 day moving average with 3 models. Bollinger Upper Band is the only match for R3. S1 leads in support with 10 studies, and Price Channel Indicator Lower Line is among the 4 models for S2. S3 is confirmed by a 150 day moving average and a psychological level.

The Cable has seen its ups and downs, but it now stands between R1 of 1 3140 and S1 of 1 3110. The lowest resistance line has found 8 matches, and R2 is a 20 day moving average with 7 studies. R3 counts a 50 day moving average among its 2 models. Standing at a 100 day moving average, S1 sees 10 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, and S3 is a psychological level with 2 models.

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Dollar/Yen is trading in the range limited by R1 of 113 90 and S1 of 113 50. R1 leads in resistance with 13 studies, while R2 has found 6 matches, including Bollinger Upper Band and a 6 month high. R3 is a psychological level with 2 models. S1 is well supported with 11 studies, including a 20 day moving average, and S2 is Bollinger Lower Band with 3 models. S3 is a 50 day moving average with 2 matches.

And Dollar/Swiss Franc stands below R1 of 0 9990 and above S1 of 0 9960. Standing near a psychological level, R1 is well confirmed with 20 models. R2 is Price Channel Indicator Upper Line with 6 studies, and Bollinger Upper Band is among the 2 technicals for R3. The highest support line has found 7 matches, and S2 counts a 20 day moving average with 4 studies. S3 is backed up by Bollinger Lower Band and a 50 day moving average.

This article was originally posted on FX Empire

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