Yahoo Finance Friday Support and Resistance Levels – November 24, 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 1860 and S1 of 1 1830.
R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 5 other models, and R3 is a 2 year high with 4 studies. A psychological level is among the 2 models for R2. Standing at a 100 day moving average, S2 has found 10 matches, and the highest support line sees 6 confirmations. A 20 day moving average is the only model for S3.
The Cable has the closest levels of 1 3320 in resistance and 1 3270 in support. Bollinger Upper Band is among the 10 studies for R1. The second line has found 3 matches, and R3 counts a psychological level as its only confirmation. S1 leads in support with 8 studies, including a 50 day moving average, and S2 is a 20 day moving average with 6 confirmations. S3 is supported by a 150 day moving average, Bollinger Lower Band and Price Channel Indicator Lower Line.
Dollar/Yen has inched slightly higher and now stands between R1 of 111 70 and S1 of 111 40. R2 leads in resistance with 6 models, and R1 is a 150 day moving average with 4 studies. R3 counts a 20 day moving average among its 3 technicals. Bollinger Lower Band is among the 8 studies for S1, and S2 is Price Channel Indicator Lower Line with 6 models. A psychological level is the only match for S3.
And Dollar/Swiss Franc finds itself below R1 of 0 9830 and above S1 of 0 98. Standing at a 50 day moving average, R1 has found 7 matches, and R2 is a 20 day moving average with 6 studies. R3 counts a psychological level among its 3 models. S1 counts Price Channel Indicator Lower Line among its 7 studies, and the lower two support lines see 3 confirmations each, including a 150 day moving average for S2 and a 100 day moving average for S3.
This article was originally posted on FX Empire
