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Monday Support and Resistance Levels – May 15, 2017

By:
Jack William Everitt
Published: May 15, 2017, 07:29 UTC

First up is the Euro/Dollar, which has the closest levels of 1 10 in resistance and 1 0920 in support. Price channel indicator upper line is one of the 5

Monday Support and Resistance

First up is the Euro/Dollar, which has the closest levels of 1 10 in resistance and 1 0920 in support.
Price channel indicator upper line is one of the 5 confirmations for R1. R2 posts 2 matches and it’s backed up by a Bollinger upper band. There’s just a single confirmation for R3. S2 leads in support with 9 confirmations, including a 20 day moving average. S1 follows with 8 matches and 2 studies are near S3, which is a 50 day moving average.

Pound/Dollar is trading in the range limited by R1 of 1 2910 and S1 of 1 2860.
A 10 day moving average is among the 10 confirmations for R1. R2 has found 4 matches and it’s both a psychological level and a price channel indicator upper line. R3 is near 2 studies and Bollinger upper band is one of them. S1 is confirmed by a 20 day moving average and 4 more models. S2 is a Bollinger lower band and S3 is a 50 day moving average.
Dollar/Yen currently stands below R1 of 113 70 and above S1 of 113.
There are 8 alternative studies near R1. R2 is backed up by a price channel indicator upper line and 4 more models. R3 has a psychological level and a Bollinger upper band among its 3 matches. S1 leads in support with 5 confirmations and it’s a 100 day moving average. S3 and S2 have 3 and 2 matches respectively. The second line is a 150 day moving average and S3 is a 50 day moving average.
And the last pair for this report is the Dollar/Swiss Franc, which stands between R1 of 1 0030 and S1 of 1.
Bollinger upper band and price channel indicator upper line both are among the 10 confirmations for R2. R1 posts 4 matches and it’s a 150 day moving average. 2 studies are near R3. S1 and S2 both have found 5 matches. The closest level is a 50 day moving average and a psychological level and S2 is a 20 day moving average. S3 is confirmed by a price channel indicator lower line, a Bollinger lower band and 2 more models.

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