Yahoo Finance Friday Support and Resistance Levels – November 03, 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 is trading in the range limited by R1 of 1 1690 and S1 of 1 1650. Standing at a 20 day moving average, R2 sees 8 confirmations, while R1 counts a 100 day moving average among its 5 models. R3 is a 50 day moving average with 4 studies. The highest support line has found 10 matches, and Bollinger Lower Band is among the 3 studies for S2. S3 is a 150 day moving average with 2 confirmations.
The Cable plunged yesterday and now stands between R1 of 1 3080 and S1 of 1 3030. R2 counts a 20 day moving average among its 7 models, and R1 is a 100 day moving average with 4 studies. R3 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and another technical. S1 is Price Channel Indicator Lower Line with 3 matches. S2 is supported by a psychological level and a 150 day moving average, while S3 sees a single confirmation. Dollar/Yen has the closest levels of 114 10 in resistance and 113 70 in support.
R1 leads in resistance with 12 studies. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 4 other models, and R3 is a psychological level with 2 technicals. The highest support line has found 9 matches, and S2 is a 20 day moving average with 7 confirmations. S3 is backed up by Price Channel Indicator Lower Line, a 50 day moving average and 2 other models.
And Dollar/Swiss Franc remains below R1 of 1 and above S1 of 0 9970. R1 is a major psychological level with 10 confirmations, and R2 has found 8 matches, including Price Channel Indicator Upper Line and Bollinger Upper Band. R3 is a 6 month high with 3 studies. S1 leads in support with 8 confirmations, and S2 is a 20 day moving average with 4 technicals. S3 counts a 150 day moving average among its 2 models.
This article was originally posted on FX Empire
