Technical Pairs: GBPUSD, EURUSD, USDJPY, Brent-Crude Oil, & XAUUSD.
GBPUSD - Pound falls to three deaconry low as UK votes Leave in EU referendum
The British currency will rise on Yesterday after receiving preliminary information about the referendum. The number of EU supporters was higher than the number of their opponents. That news supported the pound. But the referendum results will be released on this morning.
The pound received some support from the news flow & scientifically grew. The pair grew by 0.80 percent. The instrument put a fresh high at the mark of 1.4947. The resistance stands in 1.5000, the support comes in 1.4900 levels. All indicators stayed overbought. MACD increased positive zone. If MACD reduces the pair will correct downwards directions. If the indicator stays in the positive region the growth will be sustained. MACD signs of the distinction. RSI remained under the overbought level of 70. The oscillator shown a solid sell signal until it remains under the overbought region.
EURUSD PMI Composite from Markit in the Euro-zone came out poor than anticipated. Nonetheless, the euro avoids the news; the referendum in the UK was in the spotlight the last day. The weakening of the dollar forced the European currency upside.
The pair showed a mix act last day yet the growth was its main impulse. The quotes grew throughout the Asian & the European sessions and slightly chop down at the American one. EURUSD pair is at the upper border of the descending channel. The resistance remains at 1.1370, the support stays at 1.1300 levels.
EURUSD remains neutral. If the market place preserves an improve sentiment the euro will keep growing otherwise it fell. EURUSD is near to the strong resistance & it may rebound downwards. If the apparatus grows it will touch the level of 1.1450. Otherwise it will reduce to 1.1250 levels.
The dollar declined against the market. The growth of risks due to Brexit made the yen fair as a reserve currency. USDJPY pair grew & ended the trades at the upper border of the downside channel. The fresh local high is at the level of 106.00. The resistance remains at 106.00, the support stands in 105.30 levels.
MACD is in the positive zone. If the indicator stays in the positive zone the growth will be constant. RSI also grew & contact the overbought level. If oscillator reduces the apparatus will alteration downhill. USDJPY will grow though the 50-SMA on the 4Hr time frames. The 100-SMA blocked the growth of the pair. The yen might sustain the upward movement in the short term period. Its potential target was 106.50. Yet the pair clogged at the elegant solid level 106.00. The pair has freshly collapsed from it. That’s why we do not ignore the sell scenario also.
Brent – Crude Oil
The Brent crude oil prices will rise on Yesterday. Investors were vigilant due to the referendum in UK. The oil futures rebounded from the deepest fell to the 13 year lows. The recession in production of shale oil in the US supported the gear. The oil quotations build up Thursday. The quotes were adept to grow almost touched the earlier set highs. The resistance stands in 50.50, the support remains in 49.50 levels.
MACD stays in the positive zone, but shows a divergence. RSI remained close to the overbought level. If RSI reduced that will be a sell signal. The Moving Averages of 50, 100 and 200 are under the values. The buyers need to crack over the 50.50 for a constant growth. The path to the mark level of 51.50 & 52.50 will be unlocked following this breakthrough. If the price fell down it will get to 49.50 & 48.50 levels.
The yellow metal was trading close to the two-week lows. The instrument took a hold position until the final of the referendum in the UK. The pair stayed at the recently touched level stand in a flat. XAUUSD pair spent the full day between the mark level of 1260 & 1270. The resistance stands in 1280, the support stands in 1260 levels.
MACD shows a decreased negative region. RSI approached the oversold zone. If the value brings into the oversold region reduce will be constant. The price smashes the 50-SMA & clogged at 100-SMA. It directions are horizontal. The value can grow to the resistance level of 1280. We do not ignore the falls to 1260 levels.