Thursday Support and Resistance Levels – November 30, 2017

Thursday Support and Resistance Levels – November 30, 2017

This is the Support and Resistance Level Report for Thursday. Let’s see how our in-house model tests out.

Euro/Dollar is trading in the range limited by R1 of 1 1880 and S1 of 1 1840. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and the lowest resistance line has found 4 matches. R3 counts a psychological level as its only confirmation. S3 is a 20 day moving average with 9 studies, and the highest support line has found 7 matches. S2 is a 100 day moving average with 3 models.

The Cable is on the rise, and it now has R1 of 1 35 and S1 of 1 3450. Standing at a 12 month high, R3 sees 4 confirmations. R1 is a psychological level with 2 models, and the second line has found a single match. S2 counts a 50 day moving average among its 9 studies, and the highest support line has found 3 matches. S3 is a 100 day moving average with 2 models.

Dollar/Yen has also been trending higher, and it stands between R1 of 112 30 and S1 of 112. R2 counts a 50 day moving average among its 5 models, and R3 is a 6 month high with 4 studies. The lowest resistance line sees 2 confirmations. S2 counts a 150 day moving average among its 9 matches, and the highest support line sees 7 confirmations. S3 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another model.

And Dollar/Swiss Franc has the closest levels of 0 9860 in resistance and 0 9830 in support. A 20 day moving average is among the 5 models for R2, and R1 has found 4 matches. R3 is a major psychological level with 3 studies. S1 is well confirmed with 13 technicals, including a 50 day moving average. S2 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other studies, and S3 is a 150 day moving average with 4 models.

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Kiays Khalil

Experienced Broadcast Journalist with a demonstrated history of working in the financial services industry. Skilled in Photography, News Writing, Editing, Journalism, and Public Speaking. Worked on radio and for the BBC World News Sports Team. Also spent time in the Middle East working as Freelance correspondent. Strong media and communication professional with a Bachelor of Arts (BA) focused in International Journalism from University of Central Lancashire.