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Thursday, 24 March 2016 12:42 Written by

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

Read 179 times Last modified on Thursday, 24 March 2016 12:42

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