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  • Though the US government continues to string the markets along with hopes of a stimulus that are consistently pushed out, risk appetite is holding up. That said, it is one of the principal interests right now; so I wouldn't bank on complacency holding forever... https://t.co/BESRl3MnA6
  • This week has seen a remarkably firm Euro as markets continued to price in a democrat sweep, which has largely been characterised by short USD trades. Get your market update from @JMcQueenFX here:https://t.co/brtM6GzysQ https://t.co/8FbbfQTT3v
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.29% Gold: -1.13% Silver: -1.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/47lx6gooZe
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.7% Expected: 0.7% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2020-10-22
  • 🇺🇸 Existing Home Sales MoM (SEP) Actual: 9.4% Expected: 5% Previous: 2% https://www.dailyfx.com/economic-calendar#2020-10-22
  • Tune in to @RichDvorakFX 's #webinar at 11:00 AM ET/3:00 PM GMT to learn how to identify trends with trader #sentiment. Register here: https://t.co/MqVMi2rbN9 https://t.co/ynkOOQn3rS
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.7% Expected: 0.7% Previous: 1.2% https://www.dailyfx.com/economic-calendar#2020-10-22
  • 🇺🇸 Existing Home Sales MoM (SEP) Actual: 9.4% Expected: 5% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2020-10-22
  • 💶 Consumer Confidence Flash (OCT) Actual: -15.5 Expected: -15 Previous: -13.9 https://www.dailyfx.com/economic-calendar#2020-10-22
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.61%, while traders in EUR/USD are at opposite extremes with 72.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dSxgAsQK4o

Support and Resistance

View support and resistance levels for forex, commodities and indices. Learn where they are strong, moderate and weak and discover the direction and strength of the trend.
View more
Trend:
Up
Neutral
Down
Level Strength:
Strong
Moderate
Weak
Last updated: Oct 2, 2020
Symbol Trend
S1 S2 S3 R1 R2 R3
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 1836
S2 1803
S3 1763
R1 1909
R2 1932
R3 1989
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 3210
S2 3101
S3 2935
R1 3429
R2 3589
R3 3700
S1 1.1616
S2 1.1486
S3 1.1445
R1 1.1823
R2 1.2005
R3 1.2145
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 9058
S2 9002
S3 8937
R1 9183
R2 9257
R3 9307
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 133.35
S2 129.15
S3 134.88
R1 136.74
R2 139
R3 139.57
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 1.2754
S2 1.2693
S3 1.2481
R1 1.2982
R2 1.3175
R3 1.325
S1 9080
S2 8931
S3 8705
R1 9343
R2 9443
R3 9557
S1 122.23
S2 120
S3 119.24
R1 126.65
R2 125.28
R3 127.65
S1 6507
S2 6424
S3 6313
R1 6733
R2 6760
R3 6941
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 12330
S2 12165
S3 11589
R1 13339
R2 13816
R3 14000
S1 1.3256
S2 1.3156
S3 1.3056
R1 1.345
R2 1.3515
R3 1.361
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 22.90
S2 21.13
S3 18.60
R1 26.73
R2 28.27
R3 30.74
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 36.15
S2 34.38
S3 30.73
R1 43.75
R2 49.42
R3 54.45
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 4663
S2 4364
S3 4191
R1 5057
R2 5227
R3 5536
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 92.28
S2 91.92
S3 91.33
R1 94.65
R2 96
R3 96.50
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 9825
S2 9121
S3 8109
R1 12065
R2 12473
R3 13880
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 0.2161
S2 0.1880
S3 0.1691
R1 0.2584
R2 0.3040
R3 0.3468
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 309.70
S2 249
S3 215
R1 489
R2 514
R3 625
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 26544
S2 26229
S3 25415
R1 28367
R2 29196
R3 30000
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 6.73
S2 6.6702
S3 6.43
R1 6.9641
R2 7.0108
R3 7.0973
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 7016
S2 6827
S3 6685
R1 7256
R2 7330
R3 7413
Latest technical analysis
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 5776
S2 5394
S3 4836
R1 6302
R2 6515
R3 6602
Low
High

Note: Low and High figures are for the trading day.

Data provided by
S1 22560
S2 21879
S3 21319
R1 24168
R2 24474
R3 25000
S1 104.12
S2 103.43
S3 102.19
R1 106.09
R2 106.95
R3 108

Using support and resistance in trading

Support and resistance are key concepts that help traders understand, analyze and act on chart patterns in the financial markets. Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens.

Forex support and resistance allows FX traders to better understand where to enter and exit trades, reduce their risk exposure and benefit from a favorable risk to reward ratio. Read more on trading with support and resistance to put theory into practice.