Wednesday Support and Resistance Levels – October 18, 2017

Good morning, traders, the team brings you another Support and Resistance Level Report.

Euro/Dollar currently has the closest levels of 1 1790 in resistance and 1 1750 in support. Standing near a 20 day moving average, R1 has found 7 matches, and R2 is a 50 day moving average with 4 models. Bollinger Upper Band is among the 2 studies for R3.

The highest support line sees 8 confirmations. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and another study, and S3 is a 100 day moving average with 2 models. The Cable has inched lower and now stands between R1 of 1 32 and S1 of 1 3150.

The lowest resistance line sees 6 confirmations, and R2 is a 20 day moving average with 3 studies. R3 is a psychological level with 2 models. S1 is a 50 day moving average with 7 studies, and S2 is supported by a 100 day moving average, Price Channel Indicator Lower Line and Bollinger Lower Band. S3 is a psychological level with 2 models.

Dollar/Yen finds itself below R1 of 112 40 and above S1 of 112 10. R1 is well confirmed with 13 models, including a 20 day moving average, and Price Channel Indicator Upper Line is among the 4 studies for R3. R2 is Bollinger Upper Band with 3 matches. The highest support line sees 13 confirmations, and Bollinger Lower Band is among the 6 studies for S2. S3 is backed up by a 150 day moving average, Price Channel Indicator Lower Line and 3 other models.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 98 and S1 of 0 9770. Bollinger Upper Band is among the 10 studies for R1, and the upper two resistance lines have found 2 models each, including Price Channel Indicator Upper Line for R2 and a psychological level for R3. S2 is well supported with 17 technicals, including a 150 day moving average, and the highest line sees 11 confirmations. S3 is supported by Bollinger Lower Band, a 100 day moving average and 2 other models.