Monday Support and Resistance Levels – September 4, 2017

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

First up is the Euro/Dollar, which has the closest levels of 1 1920 in resistance and 1 1870 in support.

R1 and R2 both have 6 confirmations and the second line is a Bollinger upper band. R3 is a psychological level. S2 and S3 have 4 matches each. The second line is near a 20 day moving average and S3 is both a Bollinger lower band and a price channel indicator lower line. S1 has found 3 matches.

The Cable is trading in the range limited by R1 of 1 2970 and S1 of 1 2920. There’s a total of 4 confirmations for R2, which is a psychological level. R1 posts 3 matches, including a 50 day moving average. A Bollinger upper band is one of the 2 studies near R3. S1 is well backed up with 15 matches and it’s a 100 day moving average. S2 has a Bollinger lower band and a price channel indicator lower line among its 6 confirmations. 2 studies are near S3, which is a 150 day moving average.

Dollar/Yen stands below R1 of 110 and above S1 of 109 70. R1 is a psychological level and it has a total of 7 confirmations. R2 sees 6 matches, including a price channel indicator upper line, a 50 day moving average and a Bollinger upper band. A 150 day moving average is one of the 2 confirmations for R3. S1 has found 9 matches and it’s a 20 day moving average. Both a Bollinger lower band and a price channel indicator lower line are among the 6 confirmations for S2. S3 posts 2 matches.

And last up is the Dollar/Swiss Franc, which has R1 of 0 9630 and S1 of 0 9530. R1 is backed up by a 50 day moving average and 6 more models. Price channel indicator upper line is one of the 3 confirmations for R3. 2 studies are near R2, which is a 100 day moving average. S3 leads in support with 8 confirmations and it’s both a price channel indicator lower line and a 2 year low. 4 studies are near S1, which is backed up by a Bollinger lower band. S2 is a psychological level with a total of 2 confirmations.