Yahoo Finance Wednesday Support and Resistance Levels – August 23, 2017
Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report.
Euro/Dollar has seen its ups and downs, but it now stands between R1 of 1 1780 and S1 of 1 1750.
Standing at a 20 day moving average, R1 sees 9 confirmations, and R2 counts a 2 year high among its 7 studies. Price Channel Indicator Upper Line is among the 2 models for R3. S1 is the most confirmed support line with 13 studies, and Bollinger Lower Band is among the 4 models for S2. S3 counts Price Channel Indicator Lower Line among its 2 matches.
The Cable has seen a decline, which leaves it below R1 of 1 2860 and above S1 of 1 2810.
R1 is well confirmed with 12 models, including a 100 day moving average, and R3 is a psychological level with 5 studies. R2 counts a 50 day moving average among its 2 matches. Price Channel Indicator Lower Line is among the 3 models for S1, while S2 is Bollinger Lower Band with 2 studies. A 150 day moving average is the only match for S3.
Dollar/Yen has the closest levels of 109 60 in resistance and 109 30 in support.
R2 is backed up by a psychological level, a 20 day moving average and 4 other models. The lowest resistance line sees 4 confirmations, while R3 counts a 100 day moving average among its 3 studies. S1 leads in support with 8 models, and Bollinger Lower Band is among the 4 studies for S2. S3 is a 6 month low with 3 matches.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9690 and S1 of 0 9660.
R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 100 day moving average and 2 other models. The lowest resistance line has found 2 matches, and a 150 day moving average is the only study for R3. Standing near a 50 day moving average, S1 sees 10 confirmations. Bollinger Lower Band is among the 3 models for S2, and S3 is a psychological level with 2 matches.
This article was originally posted on FX Empire
