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Tuesday Support and Resistance Levels – October 10, 2017

Jack William Everitt
Updated

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

Euro/Dollar has gained some ground and now stands between R1 of 1 1780 and S1 of 1 1750. The lowest resistance line has found 8 matches, and R2 counts a 50 day moving average among its 3 studies. A psychological level is the only model for R3. S1 is the most confirmed support line with 18 technicals, and S2 counts Price Channel Indicator Lower Line among its 3 models. S3 counts a 100 day moving average as its only match.

The Cable is up as well, trading in the range limited by R1 of 1 3180 and S1 of 1 3140. R2 leads in resistance with 5 studies, and R1 has found 3 matches. R3 is a 20 day moving average with 2 models. Standing near a 50 day moving average, S1 sees 4 confirmations, and Price Channel Indicator Lower Line is among the 3 models for S2. S3 counts a 150 day moving average among its 2 studies.

Dollar/Yen has spent the last couple of days below R1 of 112 80 and above S1 of 112 50. R1 is the most confirmed resistance line with 18 models, and Price Channel Indicator Upper Line is among the 5 studies for R2. R3 is a 6 month high with 2 matches. S1 leads in support with 11 studies, and S2 is a 20 day moving average with 4 models. S3 counts a 150 day moving average among its 3 confirmations.

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And Dollar/Swiss Franc has the closest levels of 0 98 in resistance and 0 9770 in support. R1 counts Bollinger Upper Band among its 8 studies, and Price Channel Indicator Upper Line is among the 4 models for R2. R3 is a major psychological level with 2 matches. Standing near a 150 day moving average, S1 is well confirmed with 11 models, and S2 is a 20 day moving average with 6 studies. S3 is a 100 day moving average with 2 matches.

This article was originally posted on FX Empire

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