Friday Support and Resistance Levels – January 05, 2018

The team is here with this week’s last Support and Resistance Report.

Euro/Dollar has the closest levels of 1 2080 in resistance and 1 2050 in support. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 2 year high and 5 other studies, whereas the other two resistance lines have found a single match each. Standing near a psychological level, S2 sees 8 confirmations, and the highest support line has found 5 matches. S3 is a 20 day moving average with 4 confirmations.

The Cable is trading in the range limited by R1 of 1 3580 and S1 of 1 3550. Bollinger Upper Band is among the 6 studies for R1, and R3 is a 12 month high with 3 confirmations. R2 counts Price Channel Indicator Upper Line among its 2 models. The highest support line has found 7 matches, and S2 is a psychological level with 4 studies. S3 counts a 20 day moving average among its 3 models.

Dollar/Yen finds itself between R1 of 113 20 and S1 of 112 80. R1 is the most confirmed resistance line with 11 studies. R2 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other models, and a psychological level is the only match for R3. Standing near a 50 day moving average, S1 is well supported with 11 studies.

S2 is confirmed by a 100 day moving average, Bollinger Lower Band and 7 other models, and S3 has found 5 matches, including Price Channel Indicator Lower Line and a 150 day moving average.

And Dollar/Swiss Franc stands below R1 of 0 9770 and above S1 of 0 9740. R1 is well confirmed with 11 models, including a 100 day moving average. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another study, and R2 is a 20 day moving average with 2 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 7 other studies, while S1 is a 150 day moving average with 8 models. A psychological level is the only match for S3.