Monday Support and Resistance Levels – October 02, 2017

Good morning, traders, the team is here with another Support and Resistance Level Report.

The first pair for this report is the Euro/Dollar, which is trading in the range limited by R1 of 1 1780 and S1 of 1 1750.

The lowest resistance line has found 7 matches, and R2 is a 50 day moving average with 5 studies. Standing at a 20 day moving average, R3 sees 2 confirmations. Price Channel Indicator Lower Line is among the 6 models for S2, and Bollinger Lower Band is among the 5 studies for S1. A 100 day moving average is the only model for S3.

The Cable has the closest levels of 1 3380 in resistance and 1 3340 in support. Standing at a psychological level, R3 sees 6 confirmations, while the second line has found 4 matches. R1 is backed up by 3 models. S1 counts a 20 day moving average among its 6 studies, and S3 is a 50 day moving average with 2 technicals. S2 sees a single confirmation.

Dollar/Yen finds itself between R1 of 113 30 and S1 of 112 80. Price Channel Indicator Upper Line is among the 4 models for R1, and R2 counts Bollinger Upper Band among its 3 studies. Standing at a 6 month high, R3 sees 2 confirmations. S2 leads in support with 12 models, and S3 counts a 150 day moving average among its 6 studies. The highest support line has found 4 matches.

And Dollar/Swiss Franc finds itself below R1 of 0 9730 and above S1 of 0 97. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 150 day moving average and 5 other studies. The lowest resistance line has found 6 matches, and R3 sees a single confirmation. S1 leads in support with 10 models, and S2 is a 100 day moving average with 5 studies. Standing near a 50 day moving average, S3 sees 4 confirmations.