Yahoo Finance Friday Support and Resistance Levels – October 13, 2017
It’s time for this week’s last edition of the Support and Resistance Level Report. Here’s a closer look at how our in-house model tests out today.
Euro/Dollar has been trading sideways and the pair has R1 of 1 1860 and S1 of 1 1830. R1 is confirmed by a 50 day moving average and 5 more models. R2 follows with 3 matches and it’s both a psychological level and a Bollinger upper band. R3 is a price channel indicator upper line. All three support levels have an equal number of 2 matches.
S1 is a 20 day moving average, S2 is a price channel indicator lower line and S3 is confirmed by a 100 day moving average. Next up is the Cable, and it’s below R1 of 1 3350 and above S1 of 1 3220. R3 leads in resistance with 6 confirmations, including a price channel indicator upper line, a Bollinger upper band and a 12 month high. R1 and R2 have 2 matches each.
R2 is a psychological level and R1 is a 20 day moving average. S2 is backed up by a 50 day moving average and 4 more models. S1 posts 4 matches and 3 studies are near S3, which is both a Bollinger lower band and a price channel indicator lower line. Dollar/Yen currently trades between R1 of 112 30 and S1 of 112. A 20 day moving average is one of the 14 confirmations for R1. R2 posts 5 matches and it’s a price channel indicator upper line and a Bollinger upper band.
There are 2 studies near R3, which is a 6 month high. S1 posts 5 confirmations. S2 has found 4 matches and it’s both a Bollinger lower band and a 150 day moving average. S3 is confirmed by a 100 day moving average and 2 more models.
Dollar/Swiss Franc is now trading in the range limited by R1 of 0 9760 and S1 of 0 9710. R1 is well confirmed with 18 matches and it’s a 150 day moving average. R2 and R3 have 3 confirmations each. R2 is a Bollinger upper band and R3 is a price channel indicator upper line.
A 20 day moving average is one of the 5 matches for S1. S2 and S3 have 3 and 2 confirmations respectively. S2 is backed up by a 100 day moving average and S3 is a Bollinger lower band.
This article was originally posted on FX Empire
