Yahoo Finance Tuesday Support and Resistance Levels – December 19, 2017
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.
Euro/Dollar is trading in the range limited by R1 of 1 18 and S1 of 1 1770. Standing at a 100 day moving average, R1 is well confirmed with 11 models. R3 counts Price Channel Indicator Upper Line among its 3 studies, and Bollinger Upper Band is among the 2 technicals for R2. S1 counts a 50 day moving average among its 11 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another model, and S3 is a psychological level with 2 studies.
The Cable finds itself between R1 of 1 34 and S1 of 1 3370. The lowest resistance line has found 4 matches, and Price Channel Indicator Upper Line is among the 3 studies for R3. R2 counts Bollinger Upper Band as its only confirmation. Standing near a 20 day moving average, S1 sees 8 confirmations, and the lower two support lines have found 2 matches each. S2 is a 50 day moving average, whereas S3 is a 100 day moving average.
Dollar/Yen has the closest levels of 112 80 in resistance and 112 40 in support. R1 is well confirmed with 11 studies, including a 50 day moving average. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models, and R3 is a 6 month high with 3 confirmations. Standing at a 20 day moving average, S1 has found 5 matches. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies, and S2 is a 150 day moving average with 3 models.
And Dollar/Swiss Franc stands below R1 of 0 9870 and above S1 of 0 9840. A 50 day moving average is among the 7 studies for R1, while R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. R3 is a major psychological level with 3 matches. S2 is supported by Bollinger Lower Band, a 100 day moving average and 2 other studies, and S1 sees 3 confirmations. S3 has found 2 matches, namely, Price Channel Indicator Lower Line and a 150 day moving average.
This article was originally posted on FX Empire
