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Monday Support and Resistance Levels – November 7, 2017

Jessica Walker

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.

Euro/Dollar is trading in the range limited by R1 of 1 1630 and S1 of 1 16.

R1 leads in resistance with 16 studies, and R2 is a 100 day moving average with 3 studies. R3 counts Price Channel Indicator Upper Line among its 2 models. The highest support line has found 9 matches. S2 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band and 5 other studies, and S3 is a 150 day moving average with 2 technicals.

The Cable has gained some ground and now stands between R1 of 1 32 and S1 of 1 3140. Standing at a 20 day moving average, R1 sees 5 confirmations. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models, and R2 is a 50 day moving average with 2 matches. S2 leads in support with 5 studies, including a 100 day moving average, and S1 sees 4 confirmations.

S3 counts Price Channel Indicator Lower Line among its 3 models. Dollar/Yen has the closest levels of 114 10 in resistance and 113 70 in support. The lowest resistance line has found 17 matches, whereas R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model.

The highest support line sees a single confirmation. The highest support line has found 8 matches, and S2 is a 20 day moving average with 5 studies. S3 counts a 50 day moving average as its only model.

And Dollar/Swiss Franc finds itself below R1 of 1 and S1 of 0 9970. R1 is a major psychological level with 17 studies, and R2 counts Price Channel Indicator Upper Line among its 7 models. Bollinger Upper Band is among the 2 technicals for R3. S1 leads in support with 11 studies, and the second line has found 4 matches. S3 is a 20 day moving average with 2 models.

This article was originally posted on FX Empire

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