Yahoo Finance Thursday Support and Resistance Levels – November 2, 2017
Hello, traders, you’re watching another Support and Resistance Level Report.
Euro/Dollar has inched higher and now stands between R1 of 1 1680 and S1 of 1 1640. Standing at a 20 day moving average, R2 sees 10 confirmations, while the other two resistance lines have found two matches each, including a 100 day moving average for R1 and Price Channel Indicator Upper Line for R3. S1 is the most confirmed support line with 14 models, and Price Channel Indicator Lower Line is among the 5 studies for S2. S3 is a psychological level with 2 matches.
The Cable has been moving in waves and now has R1 of 1 3320 and S1 of 1 3270. Bollinger Upper Band is among the 3 models for R1, and R2 counts Price Channel Indicator Upper Line among its 2 studies. R3 is a psychological level with 2 confirmations. Standing at a 20 day moving average, S2 is well supported with 14 models, while S3 is backed up by a 100 day moving average, Bollinger Lower Band and 3 other studies.
The highest support line has found 4 matches. Dollar/Yen has the closest levels of 114 10 in resistance and 113 80 in support. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band, a 6 month high and 5 other studies, whereas the lowest resistance line has found 7 matches. R3 is a psychological level with 2 confirmations. S1 leads in support with 13 models, and S3 is confirmed by Price Channel Indicator Lower Line, Bollinger Lower Band, a 50 day moving average and 2 other studies. S2 is a 20 day moving average with 3 technicals.
And Dollar/Swiss Franc is trading in the range limited by R1 of 1 and S1 of 0 9970. R1 remains a major psychological level with 9 models, while R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 5 other studies. R3 is a 6 month high with 3 confirmations. S1 leads in support with 8 models, and S2 is a 20 day moving average with 7 studies. S3 counts a 150 day moving average as its only match.
This article was originally posted on FX Empire
