Yahoo Finance Friday Support and Resistance Levels – December 15, 2017
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar has lost some ground and now stands between R1 of 1 18 and S1 of 1 1760. R1 counts a 100 day moving average among its 10 models, and a 20 day moving average is among the 7 studies for R2. R3 is Price Channel Indicator Upper Line with 3 technicals. Standing at a 50 day moving average, S1 sees 5 confirmations. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other models, and S3 is a 150 day moving average with 2 studies.
The Cable has the closest levels of 1 3470 in resistance and 1 3420 in support. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, whereas the lower two resistance lines have found 4 matches each, including a psychological level for R2. Standing near a 20 day moving average, S2 sees 10 confirmations, and the highest support line has found 8 matches. S3 counts a 50 day moving average among its 2 models.
Dollar/Yen has seen a decline, which leaves it below R1 of 112 40 and above S1 of 112 10. Standing near a 50 day moving average, R2 has found 8 matches. R1 counts a 20 day moving average among its 4 models, and R3 is backed up by Bollinger Upper Band and Price Channel Indicator Upper Line. S1 leads in support with 5 models, and S2 is a 150 day moving average with 4 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other studies.
And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9890 and S1 of 0 9860. R1 is well confirmed with 12 models, including a 50 day moving average. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, and R3 is a major psychological level with 2 confirmations. Standing at a 20 day moving average, S1 has found 8 matches, and the lower two support lines see 3 confirmations each, including a 100 day moving average and Bollinger Lower Band for S2 and a 150 day moving average and Price Channel Indicator Lower Line for S3.
This article was originally posted on FX Empire
