Support and Resistance

It's a new trading week, and it's time for the first Support and Resistance Level Report. Here's how our in-house model tests out today.
First up is the Euro/Dollar, which has the closest levels of 1 0930 in resistance and 1 09 in support.
R1 is the most confirmed resistance line with 11 studies. R3 is backed up by Price Channel Indicator Upper Line, a 150 day moving average and another model, and R2 is a psychological level with 2 matches. Standing at a 50 day moving average, S2 sees 5 confirmations, and S1 counts a 20 day moving average among its 4 models. S3 is Price Channel Indicator Lower Line with 3 studies.
Pound/Dollar is trading in the range limited by R1 of 1 4570 and S1 of 1 4510.
Standing at a 6 month low, R2 sees 7 confirmations, and R1 is a 4 year low with 6 models. R3 counts a 20 day moving average among its 2 studies. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a psychological level and another model. The second line has found 2 matches, and S3 counts a psychological level as its only confirmation.
Dollar/Yen currently stands below R1 of 117 70 and S1 of 117 20.
R3 counts a 20 day moving average among its 9 models. The lowest line has found 4 matches, and R2 counts a 3 month low among its 3 studies. Price Channel Indicator Lower Line is among the 3 models for S1, and S3 is a psychological level with 2 matches. A 12 month low is the only confirmation for S2.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9960 and S1 of 0 9930.
R2 leads in resistance with 9 studies, including a psychological level and a 50 day moving average, and R3 counts Price Channel Indicator Upper Line among its 3 models. The lowest resistance line has found 2 matches. S1 is a 20 day moving average with 8 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, and a 150 day moving average is the only match for S3.
You've been watching the Support and Resistance Level Report for Monday. Check back in tomorrow when the next report will be available. Goodbye.

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Support and Resistance