ADVERTISEMENT

Monday, 04 April 2016 11:43 Written by

Daily Market Report 04-04-2016 ‏by ORBEX

 

EUR/USD

  EUR/USD

1.1365

Euro back again to test support level of 1.1350 where as long s market holding above this support the uptrend movement will sustain for the short-run.

below 1.1350 market will risk for another drop chance to test 1.1280-90 zone where the market will give another chance for uptrend movement to re-gain more advance , while below 1.1270 more drop risk toward 1.1215 may affect market
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1350 1.1415
  LEVEL2 1.1280-90 1.1465
  LEVEL3 1.1215 1.1495
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4210

As we mentioned last week , market in potential Head & Shoulder formation managed to hit the market with drop movement toward 1.4170 so far, while H&S effect still sustain

Intraday trading scenario showing ability for rebound correction toward 1.4270 if support 1.4170 managed to hold the market

while from 1.4270 will expect the downtrend pressure to back to affect the market toward 1.4115 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4170 1.4240
  LEVEL2 1.4115 1.4270
  LEVEL3 1.4050 1.4325
 
   
 
 
 
 

USD/JPY

  USD/JPY

111.58

As we see over the chart, market managed to sustain drop toward our target 111.35 while market now facing 2 scenario

as long as market holding above 111.35 the market will have chance for rebound correction toward 112.60-80

below 111.35 market may sustain drop to test 110.50 where from there expect another rebound correction
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 111.35 112.05
  LEVEL2 110.50 112.60-80
  LEVEL3 110.00 113.50-70
 
   
 
 
 
 

Crude Oil

  Oil 6K -

36.80

As we advised before for the short-run, market managed to sustain drop toward target 36.15 zone

market now and as we see over the chart have chance for some trading zone between 36.00 - 38.00

as long as market holding below 38.00 will expect farther drop movement to break below 36.00, while above 39.00 zone market may enter a rebound correction wave that may drive toward 42.00 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 36.15 37.20
  LEVEL2 35.50 38.00
  LEVEL3 34.25 39.00
 
   
 
 
 
 

GOLD

  Gold

1216

so far market moving along with our expectation inside this downtrend wave that may lead to test 1190-95 zone

as long as market holding below 1225 the downtrend pressure will sustain toward 1205 and 1190-95

above 1235 market may obtain farther rebound correction that may lead toward 1260-65 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1208 1225
  LEVEL2 1200 1235
  LEVEL3 1190-95 1250
 
   
 
 
 
 

Dow Jones

  US30 Dow-Jones

17825

As we advised before on our previous chart, Market managed to advance and broke above 17650-700 zone which may activate another uptrend wave that may target 18000-100 zone

Market moved in some drop correction last week while managed to hold strong above 17400, as long as market holding above this support the short-run target will sustain toward 18000-100 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17620-50 17905
  LEVEL2 17500 18000
  LEVEL3 17400 18100
 
   

Source: www.orbex.com

Read 195 times Last modified on Monday, 04 April 2016 11:43

Comments (0)

Rated 0 out of 5 based on 0 votes
There are no comments posted here yet

ADVERTISEMENT

Forex Brokers Listed