Yahoo Finance Wednesday Support and Resistance Levels – December 27, 2017
Good morning, traders, we hope you have had great Christmas, but now it’s time for another edition of the Support and Resistance Level Report.
Euro/Dollar has been moving in waves, but it now has R1 of 1 1890 and S1 of 1 1860. The lowest resistance line has found 6 matches, and Price Channel Indicator Upper Line is among the 4 models for R3. R2 is Bollinger Upper Band with 3 technicals. S1 is the most confirmed support line with 17 studies, and S2 is a 20 day moving average with no less than 12 models. S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Line and 2 other technicals.
The Cable has seen limited movement, mostly trading between R1 of 1 3390 and S1 of 1 3360. R1 is well confirmed with 16 models, including a 20 day moving average. R2 has found 8 matches, and R3 is backed up by Bollinger Upper Band, a psychological level and another technical. S1 leads in support with 14 models, and S2 has found 4 matches, including a 50 day moving average and Bollinger Lower Band. S3 is supported by Price Channel Indicator Lower Line, a 100 day moving average and another study.
Dollar/Yen has spent the last few days below R1 of 113 40 and above S1 of 113 10. R1 leads in resistance with 17 studies, and R2 has found 5 matches, including Bollinger Upper Band and Price Channel Indicator Upper Line. R3 is a 6 month high with 3 models. S2 leads in support with 10 studies, and S1 counts a 50 day moving average among its 9 technicals. S3 is confirmed by Bollinger Lower Band, a 150 day moving average and another model.
And Dollar/Swiss Franc has the closest levels of 0 99 in resistance and 0 9870 in support. R1 is a 50 day moving average with no less than 15 studies, and the upper two resistance lines have found 3 matches each, including Bollinger Upper Band for R2 and a psychological level for R3. S1 is well supported with 15 models, including a 20 day moving average, and Bollinger Lower Band is among the 3 studies for S2. S3 is backed up by Price Channel Indicator Lower Line and a 150 day moving average.
This article was originally posted on FX Empire
