Monday Support and Resistance Levels – August 28, 2017

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report.

Euro/Dollar went up on Friday, and it now stands between R1 of 1 1940 and S1 of 1 1890.

Price Channel Indicator Upper Line is among the 3 studies for R1, while the upper two resistance lines have found a single match each, including a psychological level for R2. Standing at a 20 day moving average, S2 sees 7 confirmations, and Bollinger Lower Band is among the 4 models for S3. The highest support line has found 2 matches.

The Cable has inched lower this morning, but it still has R1 of 1 2910 and S1 of 1 2880.

The lowest resistance line has found 5 matches, and R2 is a 50 day moving average with 3 studies. A 20 day moving average is the only model for R3. Standing near a 100 day moving average, S1 is well confirmed with 15 studies, and Price Channel Indicator Lower Line is among the 3 models for S2. S3 is a 150 day moving average with 2 matches.

Dollar/Yen is currently trading in the range limited by R1 of 109 40 and S1 of 109 10.

Standing at a 20 day moving average, R2 sees 7 confirmations, while the lowest resistance line has found 6 matches. R3 is backed up by a 100 day moving average, Bollinger Upper Band and 2 other studies. The highest support line sees 7 confirmations, while S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models. A 6 month low is the only match for S3.

And Dollar/Swiss Franc has the closest levels of 0 9570 in resistance and 0 9540 in support.

R2 is a 20 day moving average with 7 confirmations. R3 is backed up by Bollinger Upper Band, a 100 day moving average and 2 other studies, and R1 has found 2 matches. Standing at a 12 month low, S2 is confirmed by 4 studies, while the other two support lines have found 2 matches each, including a 2 year low for S3.