Monday Support and Resistance Levels – January 15, 2018

It’s a new trading week, and the team is back with the Support and Resistance Level Report for Monday.

Euro/Dollar is off to a bullish start of the week, as it has R1 of 1 2270 and S1 of 1 2150. All three resistance lines have found exactly one match each and, among these, R2 is a psychological level. A former 2 year high is now among the 4 models for S2. S3 counts a 100 day moving average among its 3 models, and the highest support line sees 2 confirmations.

The Cable is up as well, now trading between R1 of 1 38 and S1 of 1 3670. R2 is a psychological level with 2 models, and the other two resistance lines have found a single match each. S2 leads in support with 11 studies, and S1 counts a former 12 month high among its 4 models. A 50 day moving average is the only match for S3.

Dollar/Yen has lost some ground and now stands below R1 of 110 80 and above S1 of 110 40. R3 is a 100 day moving average with 7 studies, and the lowest resistance line has found 6 matches. R2 counts a 150 day moving average among its 4 models. S2 is a psychological level with 2 studies, whereas the upper and lower support lines have found a single match each.

And Dollar/Swiss Franc has the closest levels of 0 9680 in resistance and 0 9630 in support. Standing at a 150 day moving average, R2 sees 10 confirmations. The lowest resistance line has found 6 matches, and R3 is a 50 day moving average with 2 models. S3 is a 2 year low with 3 studies, and the highest support line has found a single match. A psychological level is the only model for S2.