Monday Support and Resistance Levels – November 7, 2017

Jessica Walker
markets

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.

Euro/Dollar is trading in the range limited by R1 of 1 1630 and S1 of 1 16.

R1 leads in resistance with 16 studies, and R2 is a 100 day moving average with 3 studies. R3 counts Price Channel Indicator Upper Line among its 2 models. The highest support line has found 9 matches. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 5 other studies, and S3 is a 150 day moving average with 2 technicals.

The Cable has gained some ground and now stands between R1 of 1 32 and S1 of 1 3140. Standing at a 20 day moving average, R1 sees 5 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models, and R2 is a 50 day moving average with 2 matches. S2 leads in support with 5 studies, including a 100 day moving average, and S1 sees 4 confirmations.

S3 counts Price Channel Indicator Lower Line among its 3 models. Dollar/Yen has the closest levels of 114 10 in resistance and 113 70 in support. The lowest resistance line has found 17 matches, whereas R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model.

The highest support line sees a single confirmation. The highest support line has found 8 matches, and S2 is a 20 day moving average with 5 studies. S3 counts a 50 day moving average as its only model.

And Dollar/Swiss Franc finds itself below R1 of 1 and S1 of 0 9970. R1 is a major psychological level with 17 studies, and R2 counts Price Channel Indicator Upper Line among its 7 models. Bollinger Upper Band is among the 2 technicals for R3. S1 leads in support with 11 studies, and the second line has found 4 matches. S3 is a 20 day moving average with 2 models.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US