Advertisement
Advertisement

Thursday Support and Resistance Levels – September 28, 2017

By
Jessica Walker
Updated: Sep 28, 2017, 07:41 GMT+00:00

You're watching another Support and Resistance Level Report and here's how our in-house model tests out this Thursday. Euro/Dollar has failed to recover

Thursday Support and Resistance Levels – September 28, 2017

You’re watching another Support and Resistance Level Report and here’s how our in-house model tests out this Thursday.

Euro/Dollar has failed to recover from its losses, mostly held by R1 of 1 1770, but it has not moved lower either, supported by S1 of 1 1720.

And the lowest resistance line has found 3 matches, whereas R2 is a 50 day moving average with 3 models. Standing at a 20 day moving average, R3 sees 2 confirmations. S1 counts Price Channel Indicator Lower Line among its 5 studies, and S3 is a 100 day moving average with 2 confirmations. The second line has found a single match. The Cable has seen little movement, mostly trading in the range limited by R1 of 1 3420 and S1 of 1 3360.

R2 is a psychological level with 9 models, and Price Channel Indicator Upper Line is among the 3 studies for R3. The lowest resistance line has found 2 matches. Still standing at a former 6 month high, S2 sees 4 confirmations, and the highest support line has found 3 matches. S3 counts a 50 day moving average as its only model.

Dollar/Yen finds itself below R1 of 113 30 and S1 of 112 80. Price Channel Indicator Upper Line is among the 3 studies for R1, while the upper two resistance lines see 2 confirmations each, including Bollinger Upper Band for R2 and a psychological level for R3. Standing at a 150 day moving average, S2 sees 4 confirmations, and the highest support line has found 3 matches. S3 is a 20 day moving average with 2 models.

And Dollar/Swiss Franc has been moving in waves, but it currently stands between R1 of 0 9770 and S1 of 0 9730. R1 is backed up by Price Channel Indicator Upper Line, a 150 day moving average, Bollinger Upper Band and 5 other studies. R3 is a major psychological level with 2 models, and the second line sees a single confirmation. Standing near a 50 day moving average, S3 has found 10 matches, and S2 is a 100 day moving average with 4 studies. The highest support line sees 3 confirmations.

About the Author

Jessica Walkercontributor

Advertisement