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Daily Market Report 23-03-2016‏ by ORBEX

EUR/USD

  EUR/USD

1.1190

Market managed to hold trades below 1.1250 adding more drop pressure while managed to fell below 1.1190 in sign of ability for more drop movement

market will face support line around 1.1170 , while resistance level at 1.1240 zone

as long as market holding below 1.1240 will expect farther drop toward 1.1050-70 zone

above 1.1240 market my add more advance toward 1.1310 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1170 1.1240
  LEVEL2 1.1135 1.1285
  LEVEL3 1.1050-70 1.1335
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4190

Bound managed to sustain drop movement while market still waiting to test 1.4120 zone

market short-run facing resistance at 1.4240 where as long as market holding below this level the drop pressure will sustain, while above 1.4240 market will face 1.4280-1.4310 resistance zone

any daily close above 1.4215 will be sign of reverse market trend , while a daily close below 1.4200 may add more drop pressure
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4120 1.4240
  LEVEL2 1.4050 1.4280-1.4310
  LEVEL3 1.3950-80 1.4400
 
   
 
 
 
 

USD/JPY

  USD/JPY

112.65

As we see over the chart, market managed to hit above 112.60 while facing resistance at 112.95 and 113.30-40 zone

market may head for trading zone between 112.00 - 113.30 for the coming short-run trades

side favor still not clear as market have chance to obtain congestion zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 112.00-20 112.95
  LEVEL2 111.70 113.30-40
  LEVEL3 111.35 113.80
 
   
 
 
 
 

Crude Oil

  Oil 6K -

41.05

as we see over our previous chart, Market still hold uptrend over short-run while market built support zone at 39.80 - 40.00

as long as market holding above this support zone the uptrend will sustain where 45.00 will be the target

below 39.70 market may head for farther drop correction toward 37.70 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 39.80-40.00 42.60
  LEVEL2 39.00 43.45
  LEVEL3 37.70 45.10
 
   
 
 
 
 

GOLD

  Gold

1232

As we see over our previous chart, Gold jump after Brussels Attack where managed to close to resistance zone of the downtrend channel 1262-65 as we see over the chart

as long as market holding below 1262-65 will expect farther drop toward 1215 zone and 1205

short-run showing resistance at 1237 and 1241 where as long as market holding below those resistance the downtrend pressure will sustain toward targets

above 1241 market will face resistance at 1255-56 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1226 1237
  LEVEL2 1215 1241
  LEVEL3 1205 1255-56
 
   
 
 
 
 

Dow Jones

  US30 Dow-Jones

17595


As we see over our previous chart, Market managed to head for testing resistance trend line as we see over the chart and as we advised before

as long as market holding below 17700 will expect some drop correction toward 17150 support zone

above 17700 will expect farther advance where 18000-100 will be possible target
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17475 17650-700
  LEVEL2 17400 17910
  LEVEL3 17260 18000-50
 
   

Source: www.orbex.com

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