Yahoo Finance Thursday Support and Resistance Levels – December 21, 2017
Good morning, traders, you’re watching the Support and Resistance Level Report for Thursday.
Euro/Dollar is trading in the range limited by R1 of 1 1880 and S1 of 1 1850.
The lowest resistance line sees 3 confirmations, and Price Channel Indicator Upper Line is among the 2 models for R2. R3 counts a psychological level as its only match. The highest support line sees 8 confirmations, and S2 is a 100 day moving average with 6 studies. S3 counts a 50 day moving average among its 5 models.
The Cable has inched lower and now stands between R1 of 1 3370 and S1 of 1 3340. Standing near a 20 day moving average, R2 has found 9 matches. The lowest resistance line sees 6 confirmations, while R3 is backed up by Bollinger Upper Band, a psychological level and 2 other studies. S1 leads in support with 10 models, and S2 has found 3 matches, including Bollinger Lower Band and a 50 day moving average. S3 is supported by Price Channel Indicator Lower Line, a 100 day moving average and another model.
Dollar/Yen has been trending North, and it finds itself between R1 of 113 60 and S1 of 113 30. R1 leads in resistance with 8 models. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other technicals, and R3 is a psychological level with 2 studies. S3 is a 20 day moving average with 8 models, and S2 counts a 50 day moving average among its 7 studies. The highest support line has found 4 matches.
And Dollar/Swiss Franc has the closest levels of 0 9870 in resistance and 0 9840 in support. Standing near a 50 day moving average, R2 is well confirmed with 13 models. R1 counts a 20 day moving average among its 10 studies, and Bollinger Upper Band is among the 3 matches for R3. S1 leads in support with 6 technicals. S2 is backed up by a 100 day moving average, Bollinger Lower Band and 2 other studies, whereas S3 has found 3 matches, including Price Channel Indicator Lower Line and a 150 day moving average.
This article was originally posted on FX Empire
