Friday Support and Resistance Levels – August 18, 2017

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

Euro/Dollar has been moving in waves, and it now stands between R1 of 1 1750 and S1 of 1 1720.

Standing near a 20 day moving average, R1 is well confirmed with 14 models, while R2 is a 2 year high with 7 studies. Price Channel Indicator Upper Line is among the 2 matches for R3. The highest support line sees 4 confirmations, and Bollinger Lower Band is among the 2 models for S2. S3 counts Price Channel Indicator Lower Line as its only match.

The Cable has also seen its ups and downs, but it currently has R1 of 1 29 and S1 of 1 2870.

R3 is a psychological level with 11 matches, and the lowest resistance line sees 5 confirmations. R2 counts a 50 day moving average among its 4 models. Standing near a 100 day moving average, S1 has found 10 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models, and S3 is a 150 day moving average with 2 studies.

Meanwhile, Dollar/Yen has steadily been trending South, and it now finds itself below R1 of 109 50 and above S1 of 109 10.

A psychological level is among the 9 studies for R2. R3 is confirmed by Bollinger Upper Band, a 150 day moving average and another model, while the lowest resistance line has found a single match. Bollinger Lower Band is among the 5 studies for S1, and S2 counts Price Channel Indicator Lower Line among its 4 models. A 6 month low is the only match for S3.

And Dollar/Swiss Franc currently has the closest levels of 0 9640 in resistance and 0 9610 in support.

R1 leads in resistance with 7 models, including a 50 day moving average. R2 is confirmed by a 100 day moving average, Price Channel Indicator Upper Line and 2 other studies, and R3 is a 150 day moving average with 2 matches. The highest support line sees 7 confirmations. S3 is backed up by Price Channel Indicator Lower Line, a 12 month low and 4 other models, and S2 is a psychological level with 2 studies.