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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