Daily Market Report 24-03-2016‏ by Orbex

EUR/USD

EUR/USD

1.1178

Euro still holding strong against Dollar as market still seeking the drop correction toward 1.1050-70 zone with protection resistance around 1.1215

as long as market holding below 1.1215 the downtrend pressure will sustain for farther drop to test 1.1050-70 zone

above 1.1215 market will add more signals for farther advance toward above 1.1300 zone


	SUPPORT	RESISTANCE
LEVEL1	1.1150	1.1215
LEVEL2	1.1100	1.1300-30
LEVEL3	1.1050-70	1.1400

GBP/USD

GBP/USD

1.4135

Market managed to head to test 1.4050-60 target zone as we show on our previous chart yesterday while market managed to jump into rebound correction after UK Retail Sales

as long as market holding above 1.4050 will expect farther advance toward 1.4240 zone while above this zone the rebound correction may sustain toward 1.4430 zone

below 1.4050 market may head for farther drop to test 1.3945-55 zone where from there market may head for another rebound correction


	SUPPORT	RESISTANCE
LEVEL1	1.4050-80	1.4135-55
LEVEL2	1.3945-55	1.4240
LEVEL3	1.3870	1.4430

USD/JPY

USD/JPY

112.65

As we advised over our previous 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 -

38.80

as we see over the chart, market managed to fell below our support 39.80-40.00 where we advised before that below this zone farther drop may hit toward 37.70 zone

market may head for trading zone between 37.70 - 40.00

as long as market holding below 40.40 expect the drop correction to sustain toward 37.70


	SUPPORT	RESISTANCE
LEVEL1	37.70	39.80
LEVEL2	37.20	40.40
LEVEL3	36.15	41.50-70

GOLD

Gold

1218

Market managed to sustain drop movement where managed to hit our target 1215

market may head for some trading zone with rebound correction toward 1231-35 before continue drop toward 1180-90 zone

as long as market holding below 1241 the downtrend pressure will sustain with movement inside our downtrend channel

above this resistance channel market may gain more advance movement


	SUPPORT	RESISTANCE
LEVEL1	1215	1231
LEVEL2	1205	1241
LEVEL3	1180-90	1255-56

Dow Jones

US30 Dow-Jones

17445

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	17400	17650-700
LEVEL2	17260	17910
LEVEL3	17150	18000-50

Source: www.orbex.com

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