Wednesday Support and Resistance Levels – August 30, 2017

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

Euro/Dollar has seen a correction, but it still stands between R1 of 1 1970 and S1 of 1 1920.

The lowest resistance line has found 5 matches, and R3 counts Price Channel Indicator Upper Line among its 3 studies. R2 is a psychological level with 2 models. Standing at a 20 day moving average, S2 sees 7 confirmations, while the highest support line has found 3 matches. S3 is confirmed by Bollinger Lower Band and Price Channel Indicator Lower Line.

The Cable is down as well, and it finds itself below R1 of 1 2950 and above S1 of 1 2910.

R1 is a 50 day moving average with 6 studies, and R2 is a psychological level with 2 models. Bollinger Upper Band is the only match for R3. S2 leads in support with 8 studies, and S1 counts a 100 day moving average among its 6 models. S3 is backed up by a 150 day moving average, Bollinger Lower Band and another study.

Dollar/Yen, on the other hand, is up, and it has R1 of 110 and S1 of 109 70.
R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 100 day moving average and 2 other models, while R1 is a psychological level with 2 studies. A 150 day moving average is the only match for R3. S2 is the most confirmed support line with 15 models, and S1 is a 20 day moving average with 6 studies. S3 counts a 6 month low as its only match.

And Dollar/Swiss Franc has the closest levels of 0 9560 in resistance and 0 9530 in support.

Standing at a 50 day moving average, R2 sees 9 confirmations, while R3 counts a 20 day moving average among its 8 models. The lowest resistance line has found 6 matches. Standing at a 12 month low, S2 sees 7 confirmations, and Bollinger Lower Band is among the 6 models for S1. S3 is a 2 year low with 2 studies.