Daily Market Report 25-5-2016‏ by ORBEX

EUR/USD

EUR/USD

1.1150

As we advised last week, market managed to sustain drop movement where missed target zone 1.1110-20 by 10 pips only

so far market showing ability for rebound correction where resistance at 1.1245 and 1.1345

below 1.1050 market may enter new downtrend wave which will target 1.0825-50 zone


	SUPPORT	RESISTANCE
LEVEL1	1.1120-40	1.1190
LEVEL2	1.1050-60	1.1245
LEVEL3	1.0900	1.1345

GBP/USD

GBP/USD

1.4625

Market managed to sustain advance after breaking above 1.4575, while market facing more than scenario to apply

as long as market holding support zone 1.4565-85 the market will have chance for farther advance to test 1.4720-40 zone where above this zone market will face 1.4800-50 resistance zone

below 1.4565 market may add more signs of more drop to come toward 1.4375 zone


	SUPPORT	RESISTANCE
LEVEL1	1.4565-85	1.4660
LEVEL2	1.4480	1.4720-40
LEVEL3	1.4375-85	1.4800-50

USD/JPY

USD/JPY

110.20

As we see over the chart, market now facing resistance zone of 110.25-55 where as long as market holding below another drop movement toward 109.50 may hit the market where from there will expect another advance toward 111.55-85 zone

below 109.10 market may sustain drop where support at 108.20 and 107.40-50


	SUPPORT	RESISTANCE
LEVEL1	109.10-20	110.25-55
LEVEL2	108.20-40	111.55-85
LEVEL3	107.40-50	112.50

Crude Oil

Oil 6N - new contract

49.15

Market managed to head for another test for resistance zone 49.40-50 which managed to hold the market so far

market facing support level at 48.40 where as long as market holding above this support the uptrend will sustain toward 50.50-90 zone

below 48.40 will be sign of more drop yet to come toward 45.50 while market may face support at 47.25


	SUPPORT	RESISTANCE
LEVEL1	48.40	49.50
LEVEL2	47.25	50.50-90
LEVEL3	45.50	52.00

GOLD

Gold

1221

market managed to break below support 1238-40 yesterday which triggered farther drop movement where market facing now support at 1218-20 zone while may give the market chance a rebound correction toward 1230-35 before downtrend resume

below 1218 market will add more sign of continues drop toward 1209 and 1192 zone

in general zone of 1192 - 1209 will consider as support zone which may hit the market for rebound correction so nee to watch carefully


	SUPPORT	RESISTANCE
LEVEL1	1218	1230-35
LEVEL2	1209	1240-45
LEVEL3	1192	1262

Dow Jones

US30 Dow-Jones

17780

Market managed to hit above 17760 in signs of more advance yet to come

market show risk of ability for drop correction toward 17630-50 zone before resuming uptrend toward 18000 zone , where market may hold trading zone between 17630 - 17935 until US GDP data released this Friday

below 17630 market may head for another test toward 17380 zone