Yahoo Finance Monday Support and Resistance Levels – December 11, 2017
Good morning, traders, you’re watching this week’s first Support and Resistance Level Report.
Euro/Dollar has the closest levels of 1 18 in resistance an 1 1770 in support. Standing at a 100 day moving average, R1 sees 9 confirmations, while R2 counts a 20 day moving average among its 6 models. Bollinger Upper Band is among the 2 studies for R3. S1 leads in support with 5 models, including a 50 day moving average, and Bollinger Lower Band is among the 3 studies for S2. S3 is a 150 day moving average with 2 matches.
The Cable is trading in the range limited by R1 of 1 3420 and S1 of 1 3390. The lowest resistance line has found 9 matches, whereas R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. R2 is a psychological level with 3 models. S1 leads in support with 7 technicals, and S2 is a 20 day moving average with 4 studies. A 50 day moving average is among the 2 models for S3.
Dollar/Yen now stands between R1 of 113 70 and S1 of 113 40. Bollinger Upper Band is among the 5 studies for R1, and R3 is a 6 month high with 4 models. R2 counts Price Channel Indicator Upper Line among its 2 technicals. Standing at a 50 day moving average, S2 sees 7 confirmations, and the highest support line has found 5 matches. S3 is a 150 day moving average with 4 technicals.
And Dollar/Swiss Franc stands below R1 of 0 9940 and above S1 of 0 9910. R2 counts Bollinger Upper Band among its 5 studies, and R3 is a major psychological level with 3 matches. The lowest resistance line sees 2 confirmations. S2 counts a 100 day moving average among its 10 studies, and the highest support line has found 8 matches. S3 is confirmed by Bollinger Lower Band, a 100 day moving average and 2 other technicals.
This article was originally posted on FX Empire
