Yahoo Finance Monday Support and Resistance Levels – December 18, 2017
Good Monday morning, you’re watching this week’s first Support and Resistance Level Report.
Euro/Dollar has the closest levels of 1 1770 in resistance and 1 1740 in support.
Standing near a 50 day moving average, R1 is well confirmed with 12 models. R2 is a 100 day moving average with 7 models, and Bollinger Upper Band is among the 2 studies for R3. The highest support line sees 6 confirmations. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other matches, and S3 is a 150 day moving average with 2 models.
Next up is the Cable, which stands below R1 of 1 3360 and above S1 of 1 3330. R2 counts a 20 day moving average among its 9 models, whereas the lowest resistance line has found 4 matches. R3 is Price Channel Indicator Upper Line with 3 studies. S1 leads in support with 7 technicals, and the lower two lines have found 2 matches each, including a 50 day moving average for S2 and Bollinger Lower Band for S3.
Dollar/Yen is trading in the range limited by R1 of 112 90 and S1 of 112 60. R2 is the most confirmed support line with 7 studies, and a 50 day moving average is among the 5 models for R1. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another technical. The highest support line has found 8 matches, and S2 counts a 20 day moving average among its 7 models. S3 sees 4 confirmations, including Bollinger Lower Band and Price Channel Indicator Lower Line.
And Dollar/Swiss Franc finds itself between R1 of 0 9920 and S1 of 0 9890. The lowest resistance line has found 10 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and R3 is a major psychological level with 2 models. S1 is well supported with 15 studies, including a 50 day moving average, and S2 counts a 20 day moving average among its 6 confirmations. S3 is backed up by Bollinger Lower Band, a 100 day moving average and another model.
This article was originally posted on FX Empire
