Wednesday Support and Resistance Levels – October 04, 2017

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

Euro/Dollar has recovered from its losses and is now back between R1 of 1 1790 and S1 of 1 1760.

The lowest resistance line has found 5 matches, and R2 is a 50 day moving average with 4 confirmations. R3 counts a 20 day moving average among its 2 models. The highest support line has found 8 matches. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models, and S3 is a 100 day moving average with 2 studies.

The Cable is trading in the range limited by R1 of 1 3280 and S1 of 1 3250. R1 leads in resistance with 6 studies, and R2 is a 20 day moving average with 3 models. R3 counts a psychological level as its only match. S1 leads in support with 4 models, while S3 is backed up by a psychological level, a 100 day moving average and another study. A 50 day moving average is the only match for S2.

Dollar/Yen has seen a decline and now stands below R1 of 112 70 and above S1 of 112 40. R1 is the most confirmed resistance line with 10 models, and R2 counts Price Channel Indicator Upper Line among its 6 studies. R3 is Bollinger Upper Band with 2 technicals. The highest support line has found 9 matches, and S3 is a 150 day moving average with 4 models. The second line sees 2 confirmations.

And Dollar/Swiss Franc has the closest levels of 0 9730 in resistance and 0 97 in support. R2 is a 150 day moving average with 7 studies, and the lowest resistance line has found 6 matches. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 is the most confirmed support line with 12 studies, and S2 counts a 100 day moving average among its 5 technicals. S3 is a psychological level with 2 models.