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Finding Long-Term Support and Resistance Levels in Forex and Stocks

Article Quant Q&A · Author: OlivierLarue
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Summary

The document asks for a historical catalog of long-term support and resistance levels, using EUR/USD as an example. It presents price zones alongside qualitative strength ratings and the year or period associated with each level. The example includes levels from multiple past years, repeated zones, and a periodic pivot, illustrating one way traders might organize potential areas of interest.

It does not explain how the listed levels were identified, define the strength ratings, or provide evidence that the zones predict future price behavior. The author also asks whether software can calculate these levels automatically on a weekly chart, but the document supplies no tool recommendations or calculation method. Treat the table as an illustrative request rather than a validated analysis; any automated approach would need clear rules for level detection and testing.

Key ideas

  • Historical support and resistance can be recorded as price zones with associated dates.
  • The example assigns qualitative strength labels to EUR/USD levels.
  • The document asks about automated detection on weekly data but gives no algorithm or software recommendation.
  • It does not define the strength scale or show evidence that the listed levels are predictive.

Tags

ForexTechnical indicators
Full text
# List of long-Term Support & Resistance in forex or stocks


# List of long-Term Support & Resistance in forex or stocks












I'm looking for a study of historic long-Term Support & Resistance in forex or stocks. If possible with their level of strength (strong, medium...).

Example

```
EURUSD Long-Term Support & Resistance
+---------------+-------------+------------------------------+
| PRICE LEVEL   | IMPACT      | YEAR                         |
+---------------+-------------+------------------------------+
| 1.6000-1.6040 | VERY STRONG | 2008                         |
| 1.5151        | STRONG      | 2009                         |
| 1.4941-1.4971 | STRONG      | 2011                         |
| 1.2425-1.2426 | STRONG      | Several years                |
| 1.2310-1.2370 | STRONG      | Several years                |
| 1.2100-1.2140 | STRONG+     | PERIODIC PIVOT (H/L) 1.21305 |
| 1.2035-1.2040 | AVERAGE     | 2012                         |
| 1.1603-1.1604 | STRONG-     | 1992                         |
| 0.8200-0.8230 | VERY STRONG | 2000                         |
+---------------+-------------+------------------------------+
```

As well, would you know any tools/program to calculate them automatically ? Eg : EURUSD in weekly timeframe ? Thank you.

Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.