Tuesday Support and Resistance Levels – January 18, 2018

Good morning, traders, you’re watching the Support and Resistance Level Report for Wednesday.

Euro/Dollar has been moving in waves and now stands between R1 of 1 2250 and S1 of 1 2220. Bollinger Upper Band is among the 4 model for R1, whereas the upper two resistance lines have found 2 matches each. R2 is Price Channel Indicator Upper Line, and R3 is a psychological level.

The highest support line sees 5 confirmations, and S2 is a former 2 year high with 4 models. S3 is supported by a psychological level, a 20 day moving average and 2 other studies. The Cable has also seen its ups and downs, but it currently has R1 of 1 3780 and S1 of 1 3740. Bollinger Upper Band is among the 4 models for R1, and R2 is Price Channel Indicator Upper Line with 4 studies. R3 counts a psychological level among its 2 technicals. S3 is confirmed by a 20 day moving average, a psychological level and 4 other models, and S2 is a former 12 month high with 5 studies. The highest support line has found 2 matches.

Dollar/Yen is trading in the range limited by R1 of 111 and S1 of 110 70. The lowest resistance line has found 7 matches, and R3 counts a 50 day moving average among its 5 models. R2 is a 150 day moving average with 4 studies. Bollinger Lower Band is among the 8 models for S1, and S2 counts Price Channel Indicator Lower Line among its 3 matches. The lowest resistance line sees a single confirmation.

And Dollar/Swiss Franc has the closest levels of 0 9640 in resistance and 0 9610 in support. Standing near a 100 day moving average, R3 sees 10 confirmations. R2 is a 150 day moving average with 9 studies, and the lowest resistance line has found 4 matches. S3 is a 2 year low with 4 confirmations, and S1 counts Bollinger Lower Band among its 3 models. A psychological level is the only match for S2.