Monday Support and Resistance Levels – September 25, 2017
It’s a new trading week, and the team is back with another Support and Resistance Level Report.
Euro/Dollar has seen its ups and downs, but it currently stands between R1 of 1 1940 and S1 of 1 1910.
Standing at a 20 day moving average, R1 is well confirmed with 11 studies, while R2 is a psychological level with 8 studies. R3 is a 2 year high with 7 confirmations. S1 leads in support with 4 models, and Bollinger Lower Band is among the 3 matches for S2. S3 counts Price Channel Indicator Lower Line among its 2 studies.
The Cable has also been moving in waves, and it now has the closest levels of 1 3580 in resistance and 1 3530 in support.
The lowest resistance line has found 7 matches, and Price Channel Indicator Upper Line is among the 3 models for R2. R3 counts Bollinger Upper Band as its only confirmation. Standing at a psychological level, S2 has found 8 matches, and the highest support line sees 7 confirmations. A former 12 month high is now among the 4 technicals for S3.
Dollar/Yen is trading in the range limited by R1 of 112 30 and S1 of 112. Price Channel Indicator Upper Line is among the 6 studies for R2, while the lowest resistance line has found 4 matches. R3 sees a single confirmation. Standing near a 150 day moving average, S2 has found 8 matches, and S3 counts a 100 day moving average among its 6 studies. The highest support line is backed up by 3 models.
And Dollar/Swiss Franc finds itself below R1 of 0 9730 and above S1 of 0 97. Standing near a 150 day moving average, R2 sees 4 confirmations. Bollinger Upper Band is among the 3 models for R1, and the highest resistance line has found a single match. S3 counts a 50 day moving average among its 9 studies, and S2 is a 100 day moving average with 7 technicals. The highest support line sees 5 confirmations.
This article was originally posted on FX Empire
