Yahoo Finance Friday Support and Resistance Levels – December 22, 2017
You’re watching the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out.
Euro/Dollar has inched lower and now stands between R1 of 1 1860 and S1 of 1 1830. The lowest resistance line has found 9 matches, and R3 is a 2 year high with 4 confirmations. R2 counts Bollinger Upper Band among its 3 models. Standing at a 20 day moving average, S1 is well confirmed with 12 studies. S2 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models, and S3 counts a 150 day moving average as its only match.
The Cable has the closest levels of 1 34 in resistance and 1 3370 in support. Standing at a 20 day moving average, R1 sees 8 confirmations. R2 is backed up by Bollinger Upper Band, a psychological level and another model, and Price Channel Indicator Upper Line is among the 3 studies for R3. The highest support line has found 9 matches, and S3 is confirmed by Price Channel Indicator Lower Line, a 100 day moving average and 2 other studies. S2 has found 3 matches, including Bollinger Lower Band and a 50 day moving average.
Dollar/Yen is trading in the range limited by R1 of 113 40 and S1 of 113 10. R1 leads in support with 11 studies, and Price Channel Indicator Upper Line is among the 7 models for R2. R3 is a 6 month high with 5 technicals. Standing at a 20 day moving average, S1 sees 4 confirmations, whereas the highest support line has found 4 matches. S3 is a 150 day moving average with 3 studies.
And Dollar/Swiss Franc finds itself below R1 of 0 9910 and above S1 of 0 9880. R1 leads in resistance with 10 studies, and R3 is a psychological level with 3 models. Bollinger Upper Band is among the 2 matches for R2. Standing near a 50 day moving average, S1 is well supported with 13 models, and S2 has found 4 matches, including Bollinger Lower Band and a 100 day moving average. S3 is confirmed by Price Channel Indicator Lower Line, a 150 day moving average and another model.
This article was originally posted on FX Empire
