Friday Support and Resistance Levels – July 07, 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 went up yesterday and now stands between R1 of 1 1420 and S1 of 1 1380.

The lowest resistance line has found 8 matches. R2 is backed up by Price Channel Indicator Upper Line, a 12 month high and 6 other studies, and R3 is a psychological level with 2 models. S1 leads in support with 6 studies, and S3 is a 50 day moving average with 3 matches. Standing at a 20 day moving average, S2 sees 2 confirmations.

The Cable is up as well, and it now has R1 of 1 2970 and S1 of 1 2940.
Price Channel Indicator Upper Line is among the 7 models for R2, whereas the lowest resistance line sees 5 confirmations. R3 is backed up by Bollinger Upper Band, a 6 month high and 2 other studies. S1 is the most confirmed support line with 14 models, and S3 is a 20 day moving average with 5 matches. A 20 day moving average is among the 2 studies for S2.

Dollar/Yen has been moving in waves, but it’s currently trading below R1 of 113 80 and above S1 of 113 50.

R1 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, while the upper two resistance lines have found 2 matches each. R3 is a psychological level. Standing at a 150 day moving average, S2 sees 9 confirmations, and S3 is a 100 day moving average with 5 models. The highest support line has found 4 matches.

And Dollar/Swiss Franc has the closest levels of 0 9630 in resistance and 0 9590 in support.

R1 leads in resistance with 10 models. R3 is backed up by Price Channel Indicator Upper Line, a 50 day moving average and 2 other studies, and R2 is a 20 day moving average with 3 matches. S1 leads in support with 12 models, and S2 has found 10 matches, including Price Channel Indicator Lower Line, a 12 month low and Bollinger Lower Band. S3 is a psychological level with 2 confirmations.