Wednesday Support and Resistance Levels – September 13, 2017

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

The first pair for this report is the Euro/Dollar, which has R1 of 1 20 and S1 of 1 1970. R2 is confirmed by Bollinger Upper Band, a 2 year high and 6 other studies. R1 is a psychological level with 7 models, and the highest resistance line has found a single match. Standing at a 20 day moving average, S2 sees 6 confirmations, whereas the highest support line has found 5 matches. S3 counts a 50 day moving average as its only model.

The Cable is trading in the range limited by R1 of 1 3330 and S1 of 1 3270. R1 leads in resistance with 2 studies, while the upper two lines have found a single match each, that is, a 12 month high for R2 and a psychological level for R3. S1 is a former 6 month high with 4 confirmations, while the second line has found 3 matches. S3 is supported by a 50 day moving average, a psychological level and another study.

Dollar/Yen has been trending higher and now stands between R1 of 110 30 and S1 of 110. R2 has found 4 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. R3 is a 100 day moving average with 3 studies, and the lowest resistance line sees 2 confirmations. Standing at a 20 day moving average, S2 has found 8 matches. S1 is a psychological level with 7 studies, while S3 sees 3 confirmations, including a 6 month low and Bollinger Lower Band.

And Dollar/Swiss Franc has the closest levels of 0 9610 in resistance and 0 9580 in support. Standing at a 50 day moving average, R1 sees 7 confirmations. R2 is confirmed by Bollinger Upper Band, a 100 day moving average and another model, while R3 counts a 150 day moving average as its only match. S1 counts a 20 day moving average among its 10 studies. S3 is supported by Price Channel Indicator Lower Line, a 2 year low and 6 other models, and S2 is a psychological level with 4 confirmations.