Wednesday Support and Resistance Levels – December 06, 2017

You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.

Euro/Dollar is trading in the range limited by R1 of 1 1850 and S1 of 1 18. R1 leads in resistance with 13 models, and Price Channel Indicator Upper Line is among the 4 studies for R2. R3 counts a psychological level as its only match. Standing at a 100 day moving average, S1 sees 6 confirmations. S3 is supported by Bollinger Lower Band, a 150 day moving average and another model, and S2 is a 50 day moving average with 2 studies.

The Cable has the closest levels of 1 3440 in resistance and 1 3410 in support. The upper and lower resistance lines have found 3 matches each, including Price Channel Indicator Upper Line for R3, whereas R2 is a psychological level with 2 studies. The highest support line has found 6 matches, and S2 is a 20 day moving average with 3 confirmations. A 50 day moving average is among the 2 models for S3.

Dollar/Yen has inched lower and now stands between R1 of 112 30 and S1 of 112. Standing at a 50 day moving average, R2 has found 7 matches, while the lowest resistance line sees 6 confirmations. Bollinger Upper Band is among the 2 studies for R3. S1 leds in support with 8 models, and S2 counts a 150 day moving average among its 6 technicals. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies.

And Dollar/Swiss Franc finds itself below R1 of 0 9880 and above S1 of 0 9850. R1 is a 20 day moving average with 6 studies. R3 is confirmed by Bollinger Upper Band, a major psychological level and 2 other models, and the second line has found 2 matches. Standing at a 50 day moving average, S1 is well confirmed with 17 studies. S3 is supported by Price Channel Indicator Lower Line, a 150 day moving average and 3 other models, and the second line has found 3 matches.