Advertisement
Advertisement
Monday Support and Resistance Levels – May 1, 2017
By:
Euro/Dollar trades in the range limited by R1 of 1 0940 and S1 of 1 0860. Both a Bollinger upper band and a price channel indicator upper line
- Euro/Dollar trades in the range limited by R1 of 1 0940 and S1 of 1 0860.
Both a Bollinger upper band and a price channel indicator upper line are among the 11 confirmations for R1. R2 is a psychological level with a total of 2 matches and R3 is a half a year high. S3 leads with 10 confirmations and it’s a 150 day moving average. S1 is near 7 alternative studies and there are 2 confirmations for S2. - Next up is the Cable, which has the closest levels of 1 2960 in resistance and 1 2890 in support.
R1 is backed up by a price channel indicator upper line and 5 more models. R2 has found 4 confirmations and it’s both a psychological level and a Bollinger upper band. There’s just a single match for R3. S2 is backed up by 8 alternative models. 5 studies are near S1 and S3 is a 20 day moving average. - Dollar/Yen has shown little movement, and it currently stands below R1 of 111 90 and above S1 of 111 40.
Bollinger upper band and a 50 day moving average both are among the 6 confirmations for R1. R2 and R3 have 2 matches each. The second line is a price channel indicator upper line and R3 is a 100 day moving average. S1 is confirmed y a 150 day moving average and 8 more models. S2 follows with 8 matches and 4 studies are near S3, which is both a 20 day moving average and a psychological level. - And Dollar/Swiss Franc is trading between R1 of 0 9970 and S1 of 0 9940.
R1 is near 17 alternative models. R2 follows with 4 confirmations, including a psychological level and a 20 day moving average. R3 is a 100 day moving average. S1 leads in support with 14 matches. S2 posts 4 confirmations and it’s a Bollinger lower band. S3 has found 2 matches.
About the Author
Celeste Skinnercontributor
Did you find this article useful?
Latest news and analysis
Advertisement