Monday Support and Resistance Levels – October 09, 2017

Good Monday morning, 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 1760 and S1 of 1 1730. The lowest resistance line sees 15 confirmations, and R2 is a 50 day moving average with 2 models. Standing at a psychological level, R3 has found 2 matches. S1 leads in support with 7 technicals. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies, and S3 is a 100 day moving average with 2 models.

The Cable has the closest levels of 1 3140 in resistance and 1 3070 in support. R2 leads in resistance with 5 studies, and R3 is a 20 day moving average with 4 models. R1 counts a 50 day moving average among its 2 technicals. S2 has found 4 matches, including a 100 day moving average and a psychological level. S1 counts Bollinger Lower Band among its 3 studies, and a 150 day moving average is among the 2 models for S3.

Dollar/Yen finds itself between R1 of 112 70 and S1 of 112 40. R1 is the most confirmed resistance line with 16 studies, and R2 is Price Channel Indicator Upper Line with 4 models. R3 is a 6 month high with 3 confirmations. The highest support line has found 8 matches, and S2 is a 150 day moving average with 3 models. A psychological level is the only study for S3. And Dollar/Swiss Franc stands below R1 of 0 9790 and above S1 of 0 9760.

Bollinger Upper Band is among the 5 models for R1, and Price Channel Indicator Upper Line is among the 3 studies for R2. Standing at a major psychological level, R3 has found 2 matches. S1 is well confirmed with 14 models, including a 150 day moving average, and S2 is a 20 day moving average with 5 studies. Bollinger Lower Band is among the 2 matches for S3.