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Monday Support and Resistance Levels – May 8, 2017
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Euro/Dollar currently has the closest levels of 1 10 in resistance and 1 0970 in support. R1 is backed up by Price Channel Indicator Upper Line, a
- Euro/Dollar currently has the closest levels of 1 10 in resistance and 1 0970 in support.
R1 is backed up by Price Channel Indicator Upper Line, a psychological level and 3 other studies. Bollinger Upper Band is among the 2 models for R2, and R3 counts a 6 month high as its only match. S1 leads in support with 7 confirmations, and Price Channel Indicator Lower Line is among the 2 studies for S3. A 20 day moving average is the only model for S2. - The Cable is trading in the range limited by R1 of 1 2990 and S1 of 1 2950.
R1 leads in resistance with 4 models, including a psychological level and Price Channel Indicator Upper Line, while the other two lines see a single confirmation each, namely, Bollinger Upper Band for R2 and a psychological level for R3. Standing near a 6 month high, S1 has found 8 matches, and S2 is a 20 day moving average with 2 studies. A 50 day moving average is the only confirmation for S3.
- Dollar/Yen finds itself below R1 of 113 and above S1 of 112 60.
Price Channel Indicator Upper Line is among the 5 studies for R1, whereas the upper two resistance lines see 2 confirmations each, including a psychological level for R2 and a 12 month high for R3. Standing at a 150 day moving average, S2 has found 7 matches. S1 sees 3 confirmations, and Price Channel Indicator Lower Line is among the 3 models for S3. - And Dollar/Swiss Franc stands between R1 of 0 99 and S1 of 0 9860.
The lowest resistance line sees 10 confirmations. R2 is backed up by a psychological level, a 50 day moving average and 3 other models, and R3 has found 3 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. S1 counts Price Channel Indicator Lower Line and Bollinger Lower Band among its 7 studies. The second line sees 2 confirmations, and a psychological level is the only model for S3.
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