Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6525
    +0.0007 (+0.10%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin AUD

    107,545.96
    -1,359.58 (-1.25%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6040
    +0.0006 (+0.09%)
     
  • AUD/NZD

    1.0906
    +0.0003 (+0.03%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     

Friday Support and Resistance Levels – December 01, 2017

Friday Support and Resistance Levels – December 01, 2017

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

Euro/Dollar has the closest levels of 1 1950 in resistance and 1 19 in support. Price Channel Indicator Upper Line is among the 5 studies for R1, and R3 is a 2 year high with 4 confirmations. A psychological level is among the 2 models for R2. The highest support line has found 4 matches, and S3 is a 150 day moving average with 2 studies. The second line counts a 100 day moving average as its only model.

The Cable is trading in the range limited by R1 of 1 3550 and S1 of 1 35. The lowest two resistance lines have found 3 matches each, including Price Channel Indicator Upper Line for R1 and a 12 month high for R2, whereas R3 counts a psychological level as its only model. Standing at a 50 day moving average, S2 sees 9 confirmations, and S1 is a psychological level with 2 studies. A 100 day moving average is the one match for S3.

ADVERTISEMENT

Dollar/Yen finds itself below R1 of 112 70 and above S1 of 112 40. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 3 other studies, and R1 counts a 50 day moving average among its 5 technicals. The second line has found a single match. The highest support line sees 6 confirmations, and S2 counts a 150 day moving average among its 5 technicals. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies.

And Dollar/Swiss Franc stands between R1 of 0 9850 and S1 of 0 9820. R1 counts a 50 day moving average among its 10 models, whereas the upper two resistance lines have found 3 matches each, including a 20 day moving average for R2 and a psychological level for R3. S1 leads in support with 11 models. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 4 other studies, and S3 is a 150 day moving average with 3 matches.

This article was originally posted on FX Empire

More From FXEMPIRE: