Friday Support and Resistance Levels – January 12, 2018

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 gained some ground and now stands between R1 of 1 2060 and S1 of 1 2030. The lowest resistance line has found 8 matches. R2 is backed up by Price Channel Indicator Upper Line, a 2 year high and 4 other studies, and Bollinger Upper Band is among the 2 models for R3. Standing at a psychological level, S2 sees 9 confirmations, and the highest support line has found 6 matches. S3 counts a 100 day moving average among its 3 studies.

The Cable is up as well, as it finds itself below R1 of 1 3550 and above S1 of 1 3520. R1 leads in resistance with 13 models, and Price Channel Indicator Upper Line is among the 5 studies for R2. R3 is a 12 month high with 3 technicals. S1 is the most confirmed resistance line with 7 studies, and S2 counts a psychological level among its 5 models. S3 is a 50 day moving average with 2 confirmations.

Dollar/Yen has seen a decline, and it now has R1 of 111 40 and S1 of 111. R3 is well confirmed with 11 studies, including a 50 day moving average, and the lowest resistance line has found 5 matches. R2 is a 150 day moving average with 4 models. S1 counts Price Channel Indicator Lower Line among its 4 studies, and S2 sees 3 confirmations. S3 is a psychological level with 2 technicals.

And Dollar/Swiss Franc has also inched lower, trading between R1 of 0 9780 and S1 of 0 9750. Standing near a 100 day moving average, R1 is well confirmed with 14 models. R2 is a 20 day moving average with 5 studies, and R3 has found 3 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. S1 counts a 150 day moving average among its 9 studies. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models, and S3 has found a single match.