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Thursday Support and Resistance Levels – May 4, 2017
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Euro/Dollar has inched lower and now stands between R1 of 1 0910 and S1 of 1 0880. The lowest resistance line has found 11 matches, and R2 is Price
- Euro/Dollar has inched lower and now stands between R1 of 1 0910 and S1 of 1 0880.
The lowest resistance line has found 11 matches, and R2 is Price Channel Indicator Upper Line with 8 models. R3 is backed up by Bollinger Upper Band, a psychological level and 2 other studies. S1 leads in support with 8 models, and S3 is a 150 day moving average with 4 confirmations. Standing at a 20 day moving average, S2 sees 2 matches. - The Cable is down as well, as it has R1 of 1 29 and S1 of 1 2860.
R1 leads in resistance with 10 models. R2 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 5 other studies, and Bollinger Upper Band is among the 2 matches for R3. The highest support line sees 4 confirmations, and S2 is a 20 day moving average with 2 models. S3 is supported by a 50 day moving average and a psychological level.
- Dollar/Yen is on the rise, and it currently stands below R1 of 113 10 and above S1 of 112 50.
All three resistance lines have found exactly 2 matches each and, among these, there’s a 100 day moving average for R2 and a psychological level for R3. As to the support, S2 leads with 7 models, including a 150 day moving average. A 20 day moving average is among the 3 studies for S3, and the highest support line sees 2 confirmations. - And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9950 and S1 of 0 9920.
R1 is the most confirmed resistance line with no less than 18 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, while R2 has found 3 matches, including a 50 day moving average and a psychological level. S1 leads in support with 11 studies. S2 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and 4 other models, and the lowest support line has found 2 matches.
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Jessica Walkercontributor
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