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Friday Support and Resistance Levels – September 29, 2017

Jack William Everitt
Updated

You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out.

Euro/Dollar is currently trading in the range limited by R1 of 1 1790 and S1 of 1 1760. R3 counts a psychological level among its 6 studies, and a 50 day moving average is among the 5 models for R2.

The lowest resistance line has found 3 matches. S1 is Bollinger Lower Band with 7 models, and Price Channel Indicator Lower Line is among the 5 studies for S2. Standing at a 100 day moving average, S3 sees 2 confirmations. The Cable has the closest levels of 1 3440 in resistance and 1 34 in support.

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R2 is a psychological level with 8 models, and R1 counts a former 12 month high among its 6 studies. Price Channel Indicator Upper Line is among the 3 technicals for R3. S1 leads in support with 7 models, and S3 is a former 6 month high with 3 studies. A 20 day moving average is among the 2 models for S2.

Dollar/Yen has been moving in waves, but it currently has R1 of 112 80 and S1 of 112 50. R1 leads in resistance with 4 models, while the other two lines have found 2 matches each, including Price Channel Indicator Upper Line for R2 and Bollinger Upper Band for R3.The highest support line sees 8 confirmations, and S2 has found 5 matches. S3 is a 150 day moving average with 2 studies.

And Dollar/Swiss Franc finds itself between R1 of 0 9730 and S1 of 0 97. The lowest resistance line has found 8 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 150 day moving average and 4 other models, while R3 has found a single match. Standing near a 100 day moving average, S2 sees 7 confirmations, and S3 counts a 50 day moving average among its 6 studies. The highest support line has found 5 matches.

This article was originally posted on FX Empire

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