Friday Support and Resistance Levels – September 08, 2017

You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out on this last day of the trading week.

Euro/Dollar has gained considerable ground, and it now stands below R1 of 1 2120 and above S1 of 1 2070.

R2 and R3 both have 2 confirmations and the highest level is a key psychological level. There’s just a single match for R1. S3 leads in support with 10 confirmations. There are 9 matches for S1, which is a price channel indicator upper line and it used to be a 2 year high. There are 3 matches for S2, which is a psychological level.

The Cable currently has the closest levels of 1 3270 in resistance and 1 3120 in support. R1 has a 6 month high among its 4 confirmations. R2 is a 12 month high with a total of 2 matches and R3 is a psychological level. There are 4 matches for both S2 and S3. Second line is a Bollinger upper band and S3 is a psychological level. A price channel indicator upper line is one of the 2 matches for S1.

Dollar/Yen is trading in the range limited by R1 of 108 and S1 of 107 60. R3 is backed up by a 20 day moving average and 4 more models. There are 4 studies near R2, which is a Bollinger lower band. R1 has found 3 matches and it’s both a 6 month low and a price channel indicator lower line. All three support levels have an equal number of a single match and the lowest line is a psychological level.

And last up is the Dollar/Swiss Franc, which has R1 of 0 95 and S1 of 0 9430. R2 leads in resistance with 9 confirmations. There are 5 matches for R3, which is confirmed by a 50 day moving average. R1 sees 3 matches and it’s both a psychological level and a Bollinger lower band. S1 is backed up by a price channel indicator lower line, a 2 year low and 7 more models. S2 and S3 have a single match each and the lowest line is a psychological level.