Wednesday Support and Resistance Levels – October 25, 2017

Good morning, traders, let’s see where the Support and Resistance levels stand this Wednesday morning.

Euro/Dollar has the closest levels of in 1 1780 resistance and 1 1750 in support. Standing near a 20 day moving average, R1 is well confirmed with 11 studies. R2 has found 10 matches, including a 50 day moving average and Bollinger Upper Band, and R3 counts Price Channel Indicator Upper Line among its 2 models.

The highest support line sees 11 confirmations. S3 is backed up by a 100 day moving average, Price Channel Indicator Lower Line and another model, and Bollinger Lower Band is among the 2 studies for S2. The Cable has seen a decline, which leaves it below R1 of 1 3170 and above S1 of 1 3110.

The lowest resistance line counts a 50 day moving average among its 9 studies, and R2 is a 20 day moving average with 3 matches. Bollinger Upper Band is the only model for R3. S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and another technical, and S2 counts a 100 day moving average among its 2 studies.

The highest support line has found a single match. Dollar/Yen has seen its ups and downs, but it now has R1 of 114 and S1 of 113 70. Price Channel Indicator Upper Line is among the 6 studies for R1, and R2 counts a 6 month high among its 4 models. R3 is a psychological level with 2 technicals. The highest support line has found 6 matches, and S2 is a 20 day moving average with 5 studies. Bollinger Lower Band is among the 4 models for S3.

Dollar/Swiss Franc is now trading in the range limited by R1 of 0 9910 and S1 of 0 9870. The lower two resistance lines have found 3 matches each, including Price Channel Indicator Upper Line for R1 and a major psychological level for R2. Standing at a 6 month high, R3 sees 2 confirmations. S3 is well supported with 12 models, including a 150 day moving average, and S2 is a 20 day moving average with 9 technicals. The highest support line has found 7 matches.