The votes for Brexit are in and UK Citizens have voted to leave the EU, so let’s see how the markets have performed with the Support and Resistance Level Report. The Euro/Dollar has seen a steep decline in late trading yesterday and early this morning when the votes for Brexit started to favour the Leave camp. The pair currently stands between R1 of 1 11 and S1 of 1 0930. R2 leads in resistance with 7 studies including a 50 day moving average. Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models confirm R1, and R3 has 4 matches including Price Channel Indicator Upper Line and Bollinger Upper Band. S3 is the most supported with 2 technicals including a 12 month low, and both S1 and S2 have one confirmation each. The Cable has followed the trend with a steep decline starting late yesterday and continuing into this morning, leaving it sitting between R1 of 1 3840 and S1 of 1 35. R1 is the most confirmed resistance line with 4 technicals including a former 48 month low. R2 has 3 studies including a 150 day moving average and R3 is a Price Channel Indicator Upper Line and 2 matches. S1 leads in support with 2 technicals including a pyschological level, and S2 and S3 have one model each, including a psychological level for S3. And Dollar/Yen also posted a big loss in the early hours of the morning, and it has only made up a small amount of the ground lost. It’s currently between R1 of 103 and S1 of 101 10. Leading in Resistance is R2 with 9 models, and 3 studies confirm both R3 and R1, with a Price Channel Indicator being one of the technicals for R1. S1 and S2 are both supported by 2 studies, including a former 24 Month Low for S1 and Psychological Level for S2. A Psychological level is the only support for S3. The Dollar/Swiss Franc is the only currency pair for this overview which has seen a benefit from the Brexit votes, and it is trading within the range limited by R1 of 0 9760 and S1 0 9730. R2 has 4 matches including a Price Channel Indicator Upper Line and Bollinger Upper band. R3 has 2 studies, including a pyschological level and R1 is a 100 day moving average. S3 leads in supports with 4 technicals including a 6 month low and Bollinger Lower Band. S1 has 3 models including a 50 day moving average and S2 is a Price Channel Indicator Lower Line and one other match. And that’s all for today’s edition of the Support and Resistance Level Report, I’m Lucy Palfreeman, make sure to check back on Monday to see how the market has been performing. Goodbye.
The votes for Brexit are in and UK Citizens have voted to leave the EU, so let’s see how the markets have performed with the Support and Resistance Level Report.
The Euro/Dollar has seen a steep decline in late trading yesterday and early this morning when the votes for Brexit started to favour the Leave camp. The pair currently stands between R1 of 1 11 and S1 of 1 0930. R2 leads in resistance with 7 studies including a 50 day moving average. Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models confirm R1, and R3 has 4 matches including Price Channel Indicator Upper Line and Bollinger Upper Band. S3 is the most supported with 2 technicals including a 12 month low, and both S1 and S2 have one confirmation each.
The Cable has followed the trend with a steep decline starting late yesterday and continuing into this morning, leaving it sitting between R1 of 1 3840 and S1 of 1 35. R1 is the most confirmed resistance line with 4 technicals including a former 48 month low. R2 has 3 studies including a 150 day moving average and R3 is a Price Channel Indicator Upper Line and 2 matches. S1 leads in support with 2 technicals including a pyschological level, and S2 and S3 have one model each, including a psychological level for S3.
And Dollar/Yen also posted a big loss in the early hours of the morning, and it has only made up a small amount of the ground lost. It’s currently between R1 of 103 and S1 of 101 10. Leading in Resistance is R2 with 9 models, and 3 studies confirm both R3 and R1, with a Price Channel Indicator being one of the technicals for R1. S1 and S2 are both supported by 2 studies, including a former 24 Month Low for S1 and Psychological Level for S2. A Psychological level is the only support for S3.
The Dollar/Swiss Franc is the only currency pair for this overview which has seen a benefit from the Brexit votes, and it is trading within the range limited by R1 of 0 9760 and S1 0 9730. R2 has 4 matches including a Price Channel Indicator Upper Line and Bollinger Upper band. R3 has 2 studies, including a pyschological level and R1 is a 100 day moving average. S3 leads in supports with 4 technicals including a 6 month low and Bollinger Lower Band. S1 has 3 models including a 50 day moving average and S2 is a Price Channel Indicator Lower Line and one other match.
And that’s all for today’s edition of the Support and Resistance Level Report, I’m Lucy Palfreeman, make sure to check back on Monday to see how the market has been performing. Goodbye.
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