Thursday Support and Resistance Levels – October 19, 2017
Hello traders, the team is here with Thursday’s Support and Resistance Level Report.
Euro/Dollar has been trending higher and now stands between R1 of 1 1820 and S1 of 1 1790.
The lowest resistance line has found 6 matches, and R2 is a 50 day moving average with 5 confirmations. Bollinger Upper Band is among the 2 models for R3. S1 leads in support with 7 studies, while S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and another technical. S3 is a 100 day moving average with 2 models.
The Cable has the closest levels of 1 3240 in resistance and 1 32 in support. Standing at a 20 day moving average, R2 sees 6 confirmations, while R1 has found 5 matches. R3 is a psychological level with 2 technicals. S2 leads in support with 8 studies, including a 50 day moving average. The highest support line has found 7 matches, and S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a 100 day moving average and another model.
Dollar/Yen has seen a rise which leaves it below R1 of 113 10 and above S1 of 112 80. Price Channel Indicator Upper Line is among the 4 studies for R2, and R1 counts Bollinger Upper Band among its 3 models. R3 is a 6 month high with 2 confirmations. Standing near a 20 day moving average, S2 is well confirmed with 12 studies. S1 has found 7 matches, and S3 is backed up by Price Channel Indicator Lower Line, a 150 day moving average and 3 other studies.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9810 and S1 of 0 9780. R1 counts Bollinger Upper Band among its 8 models, and R3 is a major psychological level with 3 studies. The second line sees a single confirmation. S2 is well supported with 14 models, including a 150 day moving average, while the highest support line has found 11 matches. S3 is backed up by Bollinger Lower Band, a 100 day moving average and 2 other studies.
This article was originally posted on FX Empire
