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Thursday Support and Resistance Levels – November 16, 2017

Kiays Khalil
Updated

Good morning, traders, you’re watching the Support and Resistance Level for Thursday.

Euro/Dollar has lost some ground and now stands between R1 of 1 1790 and S1 of 1 1750.

Standing at a 50 day moving average, R1 has found 5 matches. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies, and R3 is a psychological level with 2 models. Price Channel Indicator Lower Line is among the 3 studies for S3, and the upper two support lines have found 2 matches each, including a 100 day moving average for S1 and a 20 day moving average for S2.

The Cable is trading in the range limited by R1 of 1 3210 and S1 of 1 3160.
The lowest resistance line has found 3 matches, and R2 is a 50 day moving average with 2 studies. Bollinger Upper Band is the only model for R3. Standing near a 20 day moving average, S1 is well confirmed with 14 models, and S2 is a 100 day moving average with 10 studies. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 2 other technicals.

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Dollar/Yen finds itself below R1 of 113 30 and above S1 of 112 80.
R1 leads in resistance with 10 models, and R2 is a 20 day moving average with 9 studies. R3 is backed up by Bollinger Upper Band, a 6 month high and 4 other technicals. S1 counts Bollinger Lower Band among its 3 studies, and S3 is a 150 day moving average with 3 models. Price Channel Indicator Lower Line is among the 2 models for S2.

And Dollar/Swiss Franc has the closest levels of 0 9910 in resistance and 0 9880 in support.

R3 is a major psychological level with 14 studies, and R2 is a 20 day moving average with 7 matches. The lowest resistance line sees 6 confirmations. S1 has found 3 matches, and S3 is backed up by Price Channel Indicator Lower Line, a 150 day moving average and another model. Bollinger Lower Band is among the 2 studies for S2.

This article was originally posted on FX Empire

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