Yahoo Finance Friday Support and Resistance Levels – December 08, 2017
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar has seen a decline, which leaves it below R1 of 1 1790 and above S1 of 1 1760. The second resistance line sees 11 confirmations, and R1 counts a 100 day moving average among its 8 studies.
R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 is a 50 day moving average with 5 confirmations, and the lower two support lines have found 2 matches each, including Bollinger Lower Band for S2 and a 150 moving average for S3.
The Cable has been trending North, and it now has the closest levels of 1 3530 in resistance and 1 35 in support. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other studies, whereas R3 is a 12 month high with 3 models. The lowest resistance line has found 2 matches. S2 leads in support with 8 models, and S3 counts a 20 day moving average among its 5 matches. S1 is a psychological level with 4 studies.
Dollar/Yen is clearly on the rise, and it currently has R1 of 113 50 and S1 of 113 20. Bollinger Upper Band is among the 3 models for R2, and R3 is a 6 month high with 3 matches. The lowest resistance line sees 2 confirmations. S2 is a 50 day moving average with 7 models, and S3 counts a 150 day moving average among its 5 technicals. The highest support line has found a single match.
And Dollar/Swiss Franc is up as well, as it stands between R1 of 0 9970 and S1 of 0 9930. The lowest resistance line has found 4 matches, and R3 is a 6 month high with 3 models. R2 is confirmed by a major psychological level and Bollinger Upper Band. Standing at a 50 day moving average, S2 is well supported with 12 models, and S1 has found 3 matches. Bollinger Lower Band is among the 2 studies for S3.
This article was originally posted on FX Empire
