Tuesday Support and Resistance Levels – October 03, 2017

Good morning traders, the team is here with another Support and Resistance Level Report.

Euro/Dollar has steadily been trending lower, and it now has R1 of 1 1720 and S1 of 1 1690.

The lowest resistance line has found 9 matches, and R2 is a 50 day moving average with 4 studies. R3 is a 20 day moving average with 3 models. The upper two support lines have found 2 matches each, including a 100 day moving average for S2, while a psychological level is the only model for S3.

The Cable is down as well, trading in the range limited by R1 of 1 3260 and S1 of 1 3220.

Standing at a psychological level, R3 sees 5 confirmations, and R2 is a 20 day moving average with 3 models. The lowest resistance line has found 2 matches. S3 is backed up by a 100-day moving average, Bollinger Lower Band, and a psychological level, while the upper two support lines see a single confirmation each. S2 is a 50-day moving average.

Dollar/Yen has gained some ground, and it now stands between R1 of 113 30 and S1 of 113.

Price Channel Indicator Upper Line is among the 6 studies for R1, and R3 is a 6 month high with 3 confirmations. Bollinger Upper Band is among the 2 models for R2. S2 leads in support with 14 studies, while S1 has found 4 matches. S3 is a 150 day moving average with 2 confirmations.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 98 and S1 of 0 9770.

R1 counts Bollinger Upper Band among its 3 studies, and R3 is a psychological level with 2 models. The second line has found a single match. S1 is backed up by a 150-day moving average, Price Channel Indicator Upper Line and 5 other studies, and S2 is a 100 day moving average with 5 models. A psychological level is the only match for S3.