Thursday Support and Resistance Levels – December 14, 2017
You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.
Euro/Dollar has seen a jump which now puts it between R1 of 1 1850 and S1 of 1 1820.
The lowest resistance line has found 3 matches, and R3 is a psychological level with 2 confirmations. Bollinger Upper Band is the only model for R2. Standing at a 50 day moving average, S2 sees 5 confirmations, and S1 is a 20 day moving average with 4 models. Price Channel Indicator Lower Line is among the 2 studies for S3.
The Cable is up as well and now has R1 of 1 3460 and S1 of 1 3420.
Standing near a major psychological level, R2 sees 5 confirmations. The lowest resistance line has found 4 matches, whereas R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other models. S1 leads in support with 6 studies, and S2 is a 20 day moving average with 4 confirmations. Standing at a 50 day moving average, S3 has found 2 matches.
Dollar/Yen has seen a decline, which leaves it below R1 of 112 90 and above S1 of 112 40.
R2 is the most confirmed resistance line with 11 studies, and R1 counts a 50 day moving average among its 4 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another confirmation. Standing at a 20 day moving average, S1 has found 5 matches, and S2 is a 150 day moving average with 3 studies. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model.
And Dollar/Swiss Franc now has the closest levels of 0 9870 in resistance and 0 9840 in support.
R2 is the most confirmed resistance line with 11 models, and R1 counts a 50 day moving average among its 9 studies. R3 is a psychological level with 3 confirmations. S2 is supported by Bollinger Lower Band, a 100 day moving average and 2 other studies, and S1 sees 3 confirmations. S3 has found 3 matches, including a 150 day moving average and Price Channel Indicator Lower Line.
This article was originally posted on FX Empire