Thursday Support and Resistance Levels – October 26, 2017
Good morning, traders, the team is here with Thursday’s Support and Resistance Level Report.
Euro/Dollar has seen a rise which leaves it below R1 of 1 1840 and above S1 of 1 18. R1 counts a 50 day moving average among its 7 studies. R2 is confirmed by Price Channel Indicator Upper Line and Bollinger Upper Band, and R3 is a psychological level with 2 models. The highest support line sees 10 confirmations, and S3 is backed up by a 100 day moving average, Price Channel Indicator Lower Line and 2 other studies. Bollinger Lower Band is among the 2 models for S2.
The Cable is up as well, now trading between R1 of 1 3290 and S1 of 1 3260. R3 is confirmed by Price Channel Indicator Upper Line, a psychological level and another model, whereas the lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2. Standing at a 50 day moving average, S2 sees 10 confirmations, and the highest support line has found 5 matches. S3 is backed up by a 100 day moving average, Bollinger Lower Band and another model.
Dollar/Yen currently has the closest levels of 113 80 in resistance and 113 40 in support. Bollinger Upper Band is among the 10 studies for R1, and R2 counts Price Channel Indicator Upper Line among its 5 models. R3 is a psychological level with 2 technicals. The highest support line has found 8 matches, and Bollinger Lower Band is among the 4 models for S3. S2 is a 20 day moving average with 3 confirmations.
And Dollar/Swiss Franc has inched lower, as it now has R1 of 0 99 and S1 of 0 9870. R1 has found 4 matches, including Bollinger Upper Band, and the upper two resistance lines see 3 confirmations each. R2 is Price Channel Indicator Upper Line, and R3 is a psychological level. S3 leads in support with 8 models, including a 150 day moving average, and S1 has found 7 matches. Standing at a 20 day moving average, S2 sees 6 confirmations.