Monday Support and Resistance Levels – September 11, 2017
It's a new trading week, and the team is back with another edition of the Support and Resistance Level Report.
Euro/Dollar finds itself between R1 of 1 2050 and S1 of 1 20.
R2 leads in resistance with 5 confirmations and it's a price channel indicator upper line. R1 and R3 both have a couple of matches and the closest level is a Bollinger upper band. S1 and S3 have 4 matches each. S1 is a psychological level and S3 is a 20 day moving average. There are 3 studies near S2.
Next up is the Cable, which has the closest levels of 1 3220 in resistance and 1 3120 in support.
R2 has a 6 month high among its 4 confirmations. R1 follows with 3 matches and it's a price channel indicator upper line. R3 is a 12 month high with a total of 2 matches. S3 is well confirmed with 15 matches and it's a 100 day moving average. S2 sees 3 matches and it's a psychological level. A Bollinger upper band is one of the 2 matches for S1.
Dollar/Yen trades in a range limited by R1 of 108 50 and S1 of 108.
R2 and R3 both have 5 confirmations. The second line is a 20 day moving average and R3 is a psychological level. There are 4 studies near R1. S2 is backed up by a price channel indicator lower line and 3 more models. S1 posts 3 matches, including a Bollinger lower band and a 6 month low. There's just a single confirmation for S3.
And the last pair for this report is the Dollar/Swiss Franc, which has R1 of 0 9520 and S1 of 0 9460.
A 10 day moving average is one of the 10 confirmations for R2. R3 has found 5 matches and it's a 50 day moving average. There are 3 studies near R1. S2 is confirmed by a price channel indicator lower line, a 2 year low and 7 more models. A Bollinger lower band is among the 5 matches for S1. S3 posts a single confirmation.
This article was originally posted on FX Empire
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