Tuesday Support and Resistance Levels – January 02, 2018

Tuesday Support and Resistance Levels – January 02, 2018

Happy New Year, traders, the team is right back with this year’s first Support and Resistance Level Report.

Euro/Dollar has the closest levels of 1 2030 in resistance and 1 20 in support. R1 is well confirmed with 12 models, including Price Channel Indicator Upper Line, and R2 is a 2 year high with 3 technicals. The highest resistance line has found a single match. S2 is a 20 day moving average with 11 studies, and S1 sees 8 confirmations. Price Channel Indicator Lower Line is among the 2 models for S3.

The Cable finds itself below R1 of 1 3540 and above S1 of 1 3510. Price Channel Indicator Upper Line is among the 7 studies for R1, and the second line sees 3 confirmations. Standing at a 12 month high, R3 has found 2 matches. S1 counts a psychological level among its 7 studies, and S2 counts a 20 day moving average among its 7 models. S3 is supported by Price Channel Indicator Lower Line, Bollinger Lower Band, a 50 day moving average and another technical.

Dollar/Yen stands between R1 of 112 90 and S1 of 112 60. R2 is the most confirmed resistance line with 17 studies, and R1 counts a 50 day moving average among its 12 models. R3 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and another technical. The highest support line has found 9 matches, and Bollinger Lower Band is among the 5 studies for S2. S3 counts a 150 day moving average as its only match.

And Dollar/Swiss Franc is trading in the range limited by R1 of 0 9760 and S1 of 0 9730. Standing at a 20 day moving average, R3 sees 8 confirmations, and Bollinger Upper Band is among the 7 studies for R1. The second line has found 3 matches. S1 is well supported with 11 technicals, including Price Channel Indicator Lower Line and a 150 day moving average, while S3 is a 2 year low with 3 models. A psychological level is the only match for S2.

Published by

Jack William Everitt

Award winning Journalist and presenter with experience working across various sections of the media. Holds a degree in Journalism from The University of Westminster. Previously worked at BBC 5 Live on a variety of programmes. Covered important world events such as the Geneva Motor Show and World communication forum with Dukascopy TV.