Thursday Support and Resistance Levels – January 04, 2018

Good morning, traders, let’s see where the Support and Resistance levels stand this Thursday.

Euro/Dollar has inched lower and now stands below R1 of 1 2040 and above S1 of 1 20. R1 counts Bollinger Upper Band among its 8 matches. R2 is backed up by Price Channel Indicator Upper Line, a 2 year high and 3 other studies, and the highest support line sees a single confirmation. S3 is well supported with 14 models, including a 20 day moving average, and S1 is a psychological level with 5 studies. The second line has found 4 matches.

The Cable is down as well, and it finds itself between R1 of 1 3550 and S1 of 1 35. Bollinger Upper Band is among the 7 studies for R1, and Price Channel Indicator Upper Line is among the 4 models for R2. R3 is a 12 month high with 3 confirmations. The upper two support lines have found 4 matches each, including a psychological level for S1 and a 20 day moving average for S2, whereas S3 is a 50 day moving average with 2 studies.

Dollar/Yen has gained some ground, and it has R1 of 112 90 and S1 of 112 60. R1 is a 50 day moving average with 9 studies. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models, and R3 counts a psychological level as its only match. S2 is supported by Bollinger Lower Band, a 100 day moving average and 7 other studies, and S1 sees 7 confirmations. S3 is a 150 day moving average with 3 matches.

And Dollar/Swiss Franc has the closest levels of 0 98 in resistance and 0 9770 in support. Standing at a 50 day moving average, R3 is well confirmed with 13 studies. R2 is a 20 day moving average with 3 models, and the lowest support line has found 2 matches. S1 counts a 100 day moving average among its 9 studies, whereas S2 is supported by a 150 day moving average, Bollinger Lower Band and 7 other models. S3 is Price Channel Indicator Lower Line with 3 technicals.