Wednesday Support and Resistance Levels – May 3, 2017

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Updated: May 3, 2017, 09:24 UTC

R1 has a price channel indicator upper line among its 9 confirmations. R2 follows with 3 matches and both a psychological level and a Bollinger upper band

Wednesday Support and Resistance Levels – May 3, 2017

First up is the Euro/Dollar, which has mostly been trading between R1 of 1 0950 and S1 of 1 0890.
R1 has a price channel indicator upper line among its 9 confirmations. R2 follows with 3 matches and it’s both a psychological level and a Bollinger upper band. R3 has found 2 matches. S1 leads in support with 8 confirmations. S2 is near 6 studies and there are 2 confirmations for S3, which is a 20 day moving average.
The Cable recently dipped below R1 of 1 2910 and it’s now above S1 of 1 2860.
There are 10 alternative studies near the closest resistance level. R2 follows with 7 confirmations and it’s both a price channel indicator upper line and a 6 month high. R3 is a psychological level and it has a total of 2 matches. S1 posts 4 matches, 3 studies are near S2 and only a 20 day moving average is close to S3.

Dollar/Yen has been trading sideways between R1 of 112 30 and S1 of 111 80.
R1 leads in resistance with 6 confirmations, including a price channel indicator upper line and a Bollinger upper band. R2 follows with 2 matches and it’s a 100 day moving average. R3 is a psychological level. A 50 day moving average is among the 8 confirmations for S1. S2 sees 7 matches and a 150 day moving average is one of them. S3 is backed up by a psychological level and a 20 day moving average.
And Dollar/Swiss Franc is now trading in the range limited by R1 of 0 9950 and S1 of 0 9890.
R1 has found a total of 18 confirmations. R2 and R3 both have 4 matches. The second line is a psychological level and R3 is a 150 day moving average. S1 is the most confirmed support level with 7 matches and it’s both a price channel indicator lower line and a Bollinger lower band. S2 posts 2 matches and there’s just a single confirmations for S3.