Friday Support and Resistance Levels – August 04, 2017

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.

It’s been a bullish week for the Euro/Dollar, which now has R1 of 1 1910 and S1 of 1 1870.

Price Channel Indicator Upper Line is among the 3 studies for R1, while R3 is a psychological level with 2 models. The second line has found a single match. A former 2 year high is now one of the 13 models for S2, and S1 sees 5 confirmations. S3 is a 20 day moving average with 2 studies.

The Cable saw quite a drop yesterday, which leaves it between R1 of 1 3170 and S1 of 1 3130.

R2 is well confirmed with 12 models, including a former 6 month high, while the other two resistance lines have found 3 matches each, including Price Channel Indicator Upper Line and Bollinger Upper Band for R3. The highest support line sees 7 confirmations, and S2 counts a 20 day moving average among its 5 models. S3 is a psychological level with 2 studies.

Dollar/Yen is down as well, and it now stands below R1 of 110 20 and above S1 of 109 80.

The lowest resistance line has found 7 matches, and R2 is a 100 day moving average with 4 models. R3 counts a 20 day moving average among its 4 studies. Bollinger Lower Band is among the 3 models for S2, and S1 is Price Channel Indicator Lower Line with 2 matches. The lowest support line sees a single confirmation.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 97 and S1 of 0 9670.

R1 leads in resistance with 12 studies, and Price Channel Indicator Upper Line is among the 5 models for R2. R3 is a 100 day moving average with 3 matches. S1 is the most confirmed support line with 12 confirmations. while S3 is a psychological level with 4 studies. A 20 day moving average is among the 3 models for S2.