Friday Support and Resistance Levels – February 02, 2018

The team is here with this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.

We start with the Euro/Dollar, which has R1 of 1 2540 and S1 of 1 2430. R1 leads in resistance with 7 confirmations, including a price channel indicator upper line and a 2 year high. R2 follows with 2 confirmations and it’s a Bollinger upper band. There’s just a single match for R3. S2 posts 7 confirmations. 5 studies are near S1 and S3 has found 3 matches, including a 20 day moving average.

The Cable has been trending towards R1 of 1 4280 and away from S1 of 1 4210. A 12 month high and a price channel indicator upper line both are among the 7 confirmations for R2. R1 has found 4 matches and only Bollinger upper band is near R3. S2 sees 3 confirmations. 2 studies are near S1 and S3 is a psychological level.

Dollar/Yen has the closest levels of 110 in resistance and 109 60 in support. R1 is a psychological level and it has a total of 4 confirmations. There are 3 studies near R3 and 2 indicators back up the second line, which is a 20 day moving average. S2 leads in support with 9 matches. S1 sees 8 confirmations and 5 studies are close to the lowest support level, which is a price channel indicator lower line.

And Dollar/Swiss Franc stands below R1 of 0 93 and above S1 of 0 9260. R1 used to be a 2 year low and it has a total of 10 confirmations. R2 follows closely with 9 matches and 2 alternative studies are near R3. S1 and S2 have 3 matches each. The first level is a price channel indicator lower line and S2 is a Bollinger lower band. There’s just a single match for S3.