Thursday Support and Resistance Levels – August 17, 2017

Good morning, traders, you’re watching the Support and Resistance Level Report for Thursday.

Euro/Dollar has recovered some lost ground and now stands between R1 of 1 1790 and S1 of 1 1750.

The lowest resistance line has found 9 matches, while R2 is a 2 year high with 7 confirmations. Price Channel Indicator Upper Line is among the 2 studies for R3. Standing at a 20 day moving average, S1 is well confirmed with 13 models, and the second support line has found 4 matches. Bollinger Lower Band is among the 2 studies for S3.

The Cable has inched higher and it’s currently trading below R1 of 1 2930 and above S1 of 1 2880.

Standing at a psychological level, R2 is well confirmed with 12 models. R3 is a 20 day moving average with 6 studies, and R1 counts a 50 day moving average among its 5 matches. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 100 day moving average and 4 other studies. The highest support line sees 6 confirmations, and S3 is a 150 day moving average with 2 matches.

It’s been quite a drop for the Dollar/Yen, which now has R1 of 109 90 and S1 of 109 50.

R1 counts a psychological level among its 9 studies, while R2 is a 20 day moving average with 6 matches. R3 is a 100 day moving average with 3 models. S2 counts Bollinger Lower Band among its 4 studies, and the other two support lines have found 2 matches each, including a 6 month low for S3.

And Dollar/Swiss Franc is down as well, now trading between R1 of 0 9660 and S1 of 0 9630.

Standing near a 50 day moving average, R1 sees 6 confirmations. R2 is backed up by Price Channel Indicator Upper Line, a 100 day moving average and 2 other models, and Bollinger Upper Band is among the 2 studies for R3. Standing at a 20 day moving average, S1 sees 5 confirmations, and S2 is a psychological level with 2 models. Bollinger Lower Band is the only match for S3.