Monday Support and Resistance Levels – October 30, 2017

It’s a new trading week, and the team is back with another Support and Resistance Level Report.

Euro/Dollar is trading in the range limited by R1 of 1 1630 and S1 of 1 1590. Standing at a 20 day moving average, R2 is well confirmed with 11 studies, and the lowest resistance line has found 7 matches.

R3 is backed up by Price Channel Indicator Upper Line and Bollinger Upper Band. S2 counts Price Channel Indicator Lower Line among its 5 models, and S3 is a 150 day moving average with 2 studies. The highest support line has found a single match. Pound/Dollar has the closest levels of 1 3180 in resistance and 1 3140 in support. R1 counts a 50 day moving average among its 10 models.

A 20 day moving average is among the 7 studies for R2, and R3 is Bollinger Upper Band with 3 confirmations. S1 leads in support with 8 models. S2 is confirmed by a 100 day moving average, Bollinger Lower Band and 3 other studies, and Price Channel Indicator Lower Line is among the 2 models for S3. Dollar/Yen finds itself between R1 of 113 80 and S1 of 113 40.

R1 leads in resistance with 10 studies, and Bollinger Upper Band is among the 7 models for R2. R3 sees 5 confirmations, including Price Channel Indicator Upper Line and a 6 month high. The highest support line has found 6 matches, and S2 is a 20 day moving average with 5 confirmations. S3 is supported by Price Channel Indicator Lower Line and Bollinger Lower Line.

And Dollar/Swiss Franc stands below R1 of 1 and S1 of 0 9960. R1 is a major psychological level with 4 confirmations, while the other two resistance lines have found 3 matches each. R2 is Price Channel Indicator Upper Line, and R3 is a 6 month high. S2 leads in support with 7 studies, and S3 is a 20 day moving average with 5 confirmations. The highest support line has found 4 matches.