Monday Support and Resistance Levels – July 31, 2017

Good morning, traders, our team is back with this week’s first Support and Resistance Level Report.

Euro/Dollar has the closest levels of 1 1780 in resistance and 1 1710 in support.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. R3 is a psychological level with 2 models, and the second line has found a single match. Standing at a 20 day moving average, S2 sees 6 confirmations, and S3 is a former 12 month high with 5 models. S1 counts a former 2 year high among its 2 studies.

The Cable is trading in the range limited by R1 of 1 3140 and S1 of 1 3080.
Bollinger Upper Band is among the 6 studies for R1, and R2 counts Price Channel Indicator Upper Line among its 4 models. The highest resistance line sees a single confirmation. Standing near a former 6 month high, S2 is well confirmed with 15 models, while the highest support line has found 5 matches. S3 is a 50 day moving average with 2 studies.

Dollar/Yen has inched lower and now stands between R1 of 110 70 and S1 of 110 40.

R2 counts a 20 day moving average among its 7 studies, while R3 is a 150 day moving average with 4 models. R1 has found 2 matches. S1 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other studies, and S2 counts a psychological level among its 3 matches. S3 is a 6 month low with 2 models.

And Dollar/Swiss Franc finds itself below R1 of 0 9690 and above S1 of 0 9660.
R2 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line and 3 other studies. R1 has found 4 matches, and R3 is a 100 day moving average with 2 models. Standing at a former 6 month low, S2 sees 10 confirmations. S3 counts Price Channel Indicator Lower Line among its 4 models, and S1 is a 50 day moving average with 2 studies.