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Thursday Support and Resistance Levels – January 18, 2018

Jack William Everitt
Updated
Thursday Support and Resistance Levels – January 18, 2018

Hello, traders, let’s see where the Support and Resistance Levels stand this Thursday morning.

Euro/Dollar is trading in the range limited by R1 of 1 2250 and S1 of 1 2190.

Bollinger Upper Band is among the 6 studies for R2, and the lowest resistance line has found 3 matches. R3 is a psychological level with 2 models. Standing at a former 2 year high, S2 sees 5 confirmations. S3 is supported by a psychological level, a 20 day moving average and another model, and the highest support line has found a single match.

Next up is the Cable with the closest levels of 1 3840 in resistance and 1 3810 in support. The lower two resistance lines have found 3 matches each, including Bollinger Upper Band for R1 and Price Channel Indicator Upper Line for R2, whereas a psychological level is the only model for R3. Standing at a 20 day moving average, S3 sees 10 confirmations, and S2 is a former 12 month high with 3 studies. The highest support line has found 2 matches.

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Dollar/Yen finds itself below R1 of 111 30 and above S1 of 111. R1 leads in resistance with 7 studies, and R2 is a 150 day moving average with 5 models. A 100 day moving average is among the 3 matches for R3. S1 leads in support with 8 confirmations, and Bollinger Lower Band is among the 5 models for S2. S3 counts a psychological level as its only match.

And Dollar/Swiss Franc stands between R1 of 0 9650 and S1 of 0 96. Standing at a 20 day moving average, R3 is well confirmed with 12 models. R2 is a 150 day moving average with 5 studies, and the lowest resistance line has found 4 matches. Bollinger Lower Band is among the 6 studies for S1, and S3 is a 2 year low with 4 confirmations. S2 counts Price Channel Indicator Lower Line among its 2 models.

This article was originally posted on FX Empire

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