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Wednesday Support and Resistance Levels – November 15, 2017

Jack William Everitt

This is the Support and Resistance Level Report for Wednesday.Here’s how our in-house model tests out.

Euro/Dollar has seen a rise and now stands between R1 of 1 1810 and S1 of 1 1750. Standing at a 2 year high, R3 sees 5 confirmations. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another model, while the lowest resistance line has found a single match. S2 counts Price Channel Indicator Lower Line among its 6 studies, whereas S3 is confirmed by a 150 day moving average, a psychological level and another model. The highest support line has found a single match.

The Cable has the closest levels of 1 3170 in resistance and 1 3130 in support. Standing at a 20 day moving average, R1 sees 5 confirmations, and R3 is Price Channel Indicator Upper Line with 3 studies. R2 counts a 50 day moving average among its 2 models. S1 leads in support with 10 studies, and S2 counts a 100 day moving average among its 9 models. S3 has found 4 matches, including a 150 day moving average and Price Channel Indicator Lower Line.

Dollar/Yen has lost some ground and is now trading in the range limited by R1 of 113 30 and S1 of 112 90. R2 is a 20 day moving average with 10 matches, while the lowest resistance line sees 9 confirmations. R3 is backed up by Bollinger Upper Band, a 6 month high and 4 other models. S3 has found 5 matches, including Price Channel Indicator Lower Line and a 150 day moving average, whereas S1 counts Bollinger Lower Band among its 2 studies. A 50 day moving average is the only match for S2.

And Dollar/Swiss Franc has seen a drop, which leaves it below R1 of 0 9920 and above S1 of 0 9880. R2 is well confirmed with 16 studies, including a major psychological level, and R3 is Price Channel Indicator Upper Line with 5 models.

R1 counts a 20 day moving average among its 4 studies. S2 is backed up by Bollinger Lower Band, a 50 day moving average and another model, while the other two support lines have found 2 matches each, including a 150 day moving average and Price Channel Indicator Lower Line for S3. This was the the Support and Resistance Level Report for Wednesday. I’m Jack Everitt and we’ll be back tomorrow with the next overview. Goodbye.

This article was originally posted on FX Empire

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