Wednesday Support and Resistance Levels – September 6, 2017

t’s time for Wednesday’s Support and Resistance Level Report. Here’s how our in-house model tests out today.

Euro/Dollar has spent most of the last 24 hours between R1 of 1 1940 and S1 of 1 1890. R3 is well confirmed with 8 matches and it’s both a 2 year high and a price channel indicator upper line. R1 posts 3 matches and R2 is a key psychological level.

S1 leads in support with 10 confirmations. S2 and S3 both have 3 matches. The second line is a 20 day moving average and S3 is both a 50 day moving average and a Bollinger lower band. The Cable rose recently and it now has R1 of 1 3060 and S1 of 1 30. R2 has a 6 month high among its 3 confirmations.

R1 is a price channel indicator upper line and R3 is a 12 month high. S2 is backed up by a 100 day moving average and 6 more models. S3 has found 4 matches and it’s a Bollinger lower band and a price channel indicator lower line. S1 is a psychological level and it has a total of 3 matches. Dollar/Yen has been on a slide and it is currently trading in the range limited by R1 of 109 60 and S1 of 108 50.

R1 leads in resistance with 8 confirmations and it’s a 20 day moving average. R2 is a psychological level and it has a total of 5 matches. There are 3 studies near R3, which is a Bollinger upper band. S1 is confirmed by a Bollinger lower band and 2 more models. S2 posts 2 matches and there’s just a single confirmation for S3. And Dollar/Swiss Franc stands below R1 of 0 9590 and above S1 of 0 9530. R1 has found 9 matches. R2 and R3 have 4 and 3 confirmations respectively.

The second line is a 50 day moving average and R3 is both a 100 day moving average and a Bollinger upper band. S3 is confirmed by a price channel indicator lower line, a 2 year low and 6 more models. S1 posts 6 matches and it’s a Bollinger lower band. S2 is a psychological level and it has a total of 3 confirmations.