Monday Support and Resistance Levels – November 06, 2017

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

Euro/Dollar is currently trading in the range limited by R1 of 1 1620 and S1 of 1 1590. The lowest resistance line sees 10 confirmations, and R2 counts a 100 day moving average among its 4 models. R3 is Price Channel Indicator Upper Line with 3 studies.

S1 leads in resistance with 3 models, and S3 is a 150 day moving average with 2 confirmations. A psychological level is the only match for S2. The Cable stands between R1 of 1 3080 and S1 of 1 3050. Standing at a 100 day moving average, R1 sees 6 confirmations. R3 is backed up by Bollinger Upper Band, Price Channel Indicator Upper Line and 2 other studies, and R2 is a 50 day moving average with 3 models. S1 counts Bollinger Lower Band among its 6 technicals.

S2 is supported by a psychological level, a 150 day moving average and another model, and the lowest support line has found a single match. Dollar/Yen finds itself below R1 of 114 50 and above S1 of 114 10. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 6 other studies, while the upper two resistance lines have found a single match each. R2 is a psychological level.

The highest support line sees 14 confirmations, and S2 is a 20 day moving average with 6 studies. S3 is confirmed by Price Channel Indicator Lower Line, a 50 day moving average and 2 other models.

And Dollar/Swiss Franc has the closest levels of 1 0030 in resistance and 1 in support. Price Channel Indicator Upper Line is among the 7 studies for R1, and R2 is Bollinger Upper Band with 2 models. Standing at a 6 month high, R3 has found 2 matches. S1 is well confirmed with 14 models, including a major psychological level, and the second line has found 6 matches. S3 is a 20 day moving average with 2 technicals.