Thursday Support and Resistance Levels – October 12, 2017

Thursday Support and Resistance Levels – October 12, 2017
Thursday Support and Resistance Levels – October 12, 2017

This is the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.

Euro/Dollar has steadily been trending North and now has R1 of 1 1890 and S1 of 1 1850. R3 is a 2 year high with 5 confirmations, and the lowest resistance line has found 3 matches. R2 is backed up by a psychological level, Bollinger Upper Band and another model. Standing near a 20 day moving average, S2 sees 6 confirmations. S3 counts Price Channel Indicator Lower Line among its 3 studies, and S1 is a 50 day moving average with 2 models.

The Cable is up as well, as it finds itself between R1 of 1 3270 and S1 of 1 3230. R1 leads in resistance with 8 studies, while the upper two resistance lines see 2 confirmations each. R2 is a 20 day moving average, and R3 is a psychological level. Standing near a 50 day moving average, S2 has found 7 matches. The highest support line sees 6 confirmations, and S3 counts Bollinger Lower Band among its 4 models.

Dollar/Yen has been moving in waves, and it currently stands below R1 of 112 50 and above S1 of 112 20.

The lowest resistance line sees 11 confirmations, and Price Channel Indicator Upper Line is among the 4 models for R2. R3 is Bollinger Upper Band with 2 studies. S1 counts a 20 day moving average among its 8 technicals, and a 150 day moving average is among the 5 studies for S2. S3 is supported by Bollinger Lower Band, a 50 day moving average and another model.

And Dollar/Swiss Franc has seen a decline, as it’s now trading in the range limited by R1 of 0 9740 and S1 of 0 97.

R1 is well confirmed with 15 models, including a 150 day moving average, and Bollinger Upper Band is among the 5 studies for R2. R3 counts Price Channel Indicator Upper Line among its 4 matches. S1 is a 20 day moving average with 8 models, and S2 counts a 100 day moving average among its 3 studies. Bollinger Lower Band is among the 2 matches for S3.

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