Yahoo Finance Thursday Support and Resistance Levels – July 20, 2017
Good morning traders, our team brings you another Support and Resistance Level Report.
Euro/Dollar has been trending lower, and it now stands between R1 of 1 1530 and S1 of 1 15.
The lowest resistance line has found 5 matches. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, and R3 counts a 2 year high as its only confirmation. Standing at a 20 day moving average, S3 has found 10 matches, while S2 is a former 12 month high with 9 models. A psychological level is among the 7 studies for S1.
The Cable has the closest levels of 1 3040 in resistance and 1 30 in support.
Standing near a former 6 month high, R1 is well confirmed with 15 studies, whereas the second resistance line has found 5 matches. R3 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and another model. A 50 day moving average is among the 8 studies for S3, and S1 counts a psychological level among its 5 models. S2 is a 20 day moving average with 4 matches.
Dollar/Yen is trading in the range limited by R1 of 112 30 and S1 of 112.
R2 is a 150 day moving average with 9 studies, and R3 has found 8 matches. The lowest resistance line sees 6 confirmations. S1 leads in support with 6 models, and S2 counts a 100 day moving average among its 4 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and another model.
And Dollar/Swiss Franc stands below R1 of 0 9560 and above S1 of 0 9530.
R2 is well confirmed with 15 models, including a 20 day moving average, while R1 counts a former 6 month low among its 9 studies. R3 is a 50 day moving average with 4 matches. S1 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 6 other studies, and S2 is a psychological level with 3 models. The lowest support line has found 2 matches.
This article was originally posted on FX Empire
