Yahoo Finance Monday Support and Resistance Levels – December 04, 2017
It’s a new trading week, and the team is back with another Support and Resistance Level Report.
Euro/Dollar has the closest levels of 1 19 in resistance and 1 1850 in support. The lowest resistance line has found 5 matches, and R3 is a 2 year high with 4 confirmations. Price Channel Indicator Upper Line is among the 3 models for R2. S1 leads in support with 12 studies, and S3 is a 50 day moving average with 5 models. A 100 day moving average is the only match for S2.
The Cable is trading in the range limited by R1 of 1 3470 and S1 of 1 3440. R1 sees 4 confirmations, and R3 is a 12 month high with 3 models. A psychological level is among the 2 studies for R2. S3 is a 20 day moving average with 4 models, and S2 sees 3 confirmations. The highest support line has found 2 matches.
Dollar/Yen finds itself below R1 of 112 90 and above S1 of 112 60. Standing near a 50 day moving average, R1 has found 5 matches, while R3 is confirmed by Price Channel Indicator Upper Line, a 6 month high and 2 other models. Bollinger Upper Band is among the 2 studies for R2. Standing at a 20 day moving average, S1 sees 7 confirmations. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models, and S2 is a 150 day moving average with 4 studies.
And Dollar/Swiss Franc stands between R1 of 0 9840 and S1 of 0 9810. R1 is well confirmed with 12 studies, including a 50 day moving average, and R2 counts a 20 day moving average among its 4 models. R3 is a major psychological level with 2 confirmations. S1 leads in support with 13 studies. S2 is backed up by Price Channel Indicator Lower Line, a 150 day moving average and 3 other models, whereas S3 counts a psychological level as its only match.
This article was originally posted on FX Empire
