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Daily Market Report 25-04-2016‏ by ORBEX

 

EUR/USD

  EUR/USD

1.1250

Market managed last Friday to fell below 1.1235 in a singe that more drop yest to come .

as long as market holding below 1.1310 resistance zone we will expect farther drop to test 1.1150-70 support zone.

above 1.1310 market may obtain more advance toward 1.1380-95 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1235 1.1310
  LEVEL2 1.1150-70 1.1380-95
  LEVEL3 1.1050-70 1.1465
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4345

Market managed with Gap price open today to hit 1.4470 today before retreating to cover that Gap.

market will consider (1.4460 - 1.4515) as resistance zone , where as long as market holding below this zone the downtrend pressure may back for another visit toward 1.4300-20 zone .

above 1.4515 resistance , market my open new uptrend wave which may target 1.4640-70 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4400 1.4460-1.4515
  LEVEL2 1.4300-20 1.4580
  LEVEL3 1.4100 1.4640-70
 
   
 
 
 
 

USD/JPY

  USD/JPY

111.20

Market managed Break above 111.05 last week in singe of more advance yest to come

market facing support at 110.30 and 109.70 , where as long as market holding above those supports we will expect farther advance to test 112.60-80 zone

below 109.70 market may back under drop pressure again to visit 108.30 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 110.30 111.90
  LEVEL2 109.70 112.60-80
  LEVEL3 108.35 113.50
 
   
 
 
 
 

Crude Oil

  Oil 6M - New Contract

43.20

Oil broke above (42.40-43.50) resistance zone which placed Oil on uptrend rally as US Oil output drop.

market now facing first support at (42.40-90) where as long as market holding above the uptrend rally will sustain toward (45.20) and (48.35)

below (42.40) market may add more drop correction toward 39.40-90 zone before resume the uptrend wave as we see over the chart
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 42.40-90 45.20
  LEVEL2 39.40 48.35
  LEVEL3 35.35 50.80
 
   
 
 
 
 

GOLD

  Gold

1233

Market managed to obtain weekly close below 1235 which my lead the coming short-run for another drop toward 1190-95 zone

as long as market holding daily close below 1238 the downtrend pressure will sustain where market will face support at 1220-25 zone

as long as market holding above 1220 another rebound correction toward 1260-63 will be expected before market resume drop toward 1190-95 zone

while any break below 1220 may set the market in short course toward 1190-95
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1220-25 1260-63
  LEVEL2 1208 1275
  LEVEL3 1190-95 1285
 
   
 
 
 
 

Dow Jones

  US30 Dow-Jones

17980

so far market seems facing support zone at (17845 - 17775) where as long as market holding above this zone the uptrend may add more advance above 18175

below 17775 market may head for farther drop toward 17400-50 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17845 18175
  LEVEL2 17775 18270
  LEVEL3 17400-50 18330-65
 
   

Source: www.orbex.com

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