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  • Japanese #Yen Outlook: $USDJPY Dives into Key Technical Support Pivot - https://t.co/vzJ2u0MUbS https://t.co/4NE2BirSlY
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  • Gold IG Client Sentiment: Our data shows traders are now at their most net-long Gold since Sep 04 when Gold traded near 1,933.11. A contrarian view of crowd sentiment points to Gold weakness. https://www.dailyfx.com/sentiment https://t.co/mtvMK2qH5Q
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇨🇭CHF: -0.10% 🇪🇺EUR: -0.33% 🇳🇿NZD: -0.78% 🇦🇺AUD: -0.88% 🇨🇦CAD: -0.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/fJ7TOYyATO
  • UK Covid deaths over 300 for second consecutive day - BBG
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: -2.56% Wall Street: -2.58% FTSE 100: -2.85% France 40: -3.59% Germany 30: -4.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tfywVfpiH6
  • BOC's Macklem says current situation does not call for negative rates, but if situation changes dramatically we could consider that tool $USDCAD

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 27, 2020
Symbol Trend
S1 S2 S3 R1 R2 R3
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 3550
R2 3589
R3 3700
Latest technical analysis
Low
High

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

Data provided by
S1 1.17
S2 1.1621
S3 1.15
R1 1.1860
R2 1.1907
R3 1.1961
Latest technical analysis
Low
High

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

Data provided by
S1 9002
S2 8937
S3 8890
R1 9183
R2 9257
R3 9307
S1 136.15
S2 135.36
S3 133.35
R1 137.88
R2 139
R3 139.74
S1 1.2754
S2 1.2693
S3 1.2481
R1 1.3175
R2 1.3250
R3 1.33
S1 9022
S2 8931
S3 8705
R1 9090
R2 9195
R3 9252
S1 123.17
S2 122.37
S3 121.48
R1 125.28
R2 126.65
R3 127.19
Latest technical analysis
Low
High

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

Data provided by
S1 6612
S2 6547
S3 6484
R1 6705
R2 6755
R3 6889
S1 11929
S2 11589
S3 11343
R1 12718
R2 13174
R3 13462
Latest technical analysis
Low
High

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

Data provided by
S1 1.3057
S2 1.2975
S3 1.2884
R1 1.3221
R2 1.3297
R3 1.3384
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 41.87
R2 43.75
R3 49.42
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 4997
R2 5170
R3 5227
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 93.80
R2 94.61
R3 95.06
Low
High

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

Data provided by
S1 12473
S2 11183
S3 10051
R1 13880
R2 17234
R3 19666
Low
High

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

Data provided by
S1 0.2266
S2 0.2195
S3 0.1691
R1 0.3040
R2 0.3291
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
Low
High

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

Data provided by
S1 6.6272
S2 6.4463
S3 6.40
R1 6.8461
R2 6.9044
R3 6.9766
Latest technical analysis
Low
High

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

Data provided by
S1 7042
S2 7016
S3 6963
R1 7158
R2 7256
R3 7324
Latest technical analysis
Low
High

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

Data provided by
S1 5661
S2 5394
S3 4836
R1 6064
R2 6210
R3 6302
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
Latest technical analysis
Low
High

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

Data provided by
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.