Thursday Support and Resistance Levels – September 07, 2017

You’re watching the Support and Resistance Level Report with an overview how our in-house model tests out on Thursday, the 7th of September.

Euro/Dollar is currently trading in the range limited by R1 of 1 1950 and S1 of 1 1910.

R3 is well confirmed with 8 matches and it’s both a price channel indicator upper line and a 2 year high. R1 posts 4 matches and 3 studies are near R2, which is a psychological level and a Bollinger upper band. S1 leads in support with 16 confirmations. S2 and S3 have 3 and 2 matches respectively. The second line is a 20 day moving average and S3 is a 50 day moving average and a Bollinger lower band.

Pound/Dollar has the closest levels of 1 3060 in resistance and 1 30 in support. R1 and R3 have 4 confirmations each. R1 is a Bollinger upper band and R3 is a half a year high. There are 2 studies near R2. S2 is by far the most confirmed support level with 18 matches and it’s a 100 day moving average. S3 has a Bollinger lower band and a price channel indicator lower line among its 3 matches. S1 is a key psychological level with a total of 2 confirmations.

Dollar/Yen has already tested R1 of 109 40, but it’s now heading for S1 of 108 80. The first two resistance levels both have 5 confirmations. R1 is a 20 day moving average and R2 is a psychological level. R3 is a Bollinger upper band and a weekly high. S2 has found 6 matches, including a Bollinger lower band and a price channel indicator lower line. S1 posts 5 matches and 2 studies are near S3, which is a half a year low.

And Dollar/Swiss Franc currently stands below R1 of 0 9590 and above S1 of 0 9540. R1 is backed up by a total of 9 studies. R2 has found 5 matches and a 50 day moving average is among them. A 100 day moving average is one of the 2 confirmations for R3. There are 9 models near S1. S3 trails closely with 8 matches and it’s both a price channel indicator lower line and a 2 year low. S2 has a psychological level and a Bollinger lower band among its 3 confirmations.