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Monday Support and Resistance Levels – October 23, 2017

By:
Jessica Walker
Updated: Oct 23, 2017, 07:25 UTC

Good Monday morning, the team is here with this week's first Support and Resistance Level Report. We start with traders' favourite pair, the Euro/Dollar,

Monday Support and Resistance Levels – October 23, 2017

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


We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 18 and S1 of 1 1760.

Standing near a 20 day moving average, R1 is well confirmed with 11 models. R2 counts a 50 day moving average among its 8 matches, and Bollinger Upper Band is among the 5 studies for R3. S1 leads in support with 5 technicals, and Bollinger Lower Band is among the 2 models for S2. Price Channel Indicator Lower Line is the only match for S3.

The Cable is trading in the range limited by R1 of 1 3250 and S1 of 1 32.
R1 leads in resistance with 5 models, including a 20 day moving average, whereas the second line has found 3 matches. Bollinger Upper Band is among the 2 studies for R3. The highest support line sees 8 confirmations, and S2 is a 50 day moving average with 4 models. S3 is supported by Price Channel Indicator Lower Line and Bollinger Lower Band.

Dollar/Yen has the closest levels of 113 90 in resistance and 113 30 in support.
The lower two resistance lines have found 2 matches each, including a 6 month high for R2, while R3 counts a psychological level as its only model. Standing at a 20 day moving average, S2 sees 10 confirmations, and Bollinger Upper Band is among the 6 studies for S1. S3 is Bollinger Lower Band with 4 technicals.

And Dollar/Swiss Franc finds itself between R1 of 0 9860 and S1 of 0 9830.
Price Channel Indicator Upper Line is among the 3 studies for R1, and R3 is a major psychological level with 2 models. The second line sees a single confirmation. S2 is well supported with 16 studies, including a 150 day moving average, and S1 has found 4 matches. S3 is confirmed by Bollinger Lower Band, a 100 day moving average and 2 other technicals.

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