Daily Market Report 26-04-2016 by ORBEX

EUR/USD

EUR/USD

1.1285

Market so far managed to obtain rebound correction while this advance still capped below resistance 1.1310

as long as market holding below 1.1310 will expect farther drop toward 1.1150-70

while above 1.1310 market will show signals of farther 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

1.4555

Market managed to break above resistance 1.4515 which placed market for new target toward 1.4640-70 as we advised before

market now facing support levels for the Intraday trading levels at 1.4525 and 1.4460 , where as long as market holding above those supports the uptrend will sustain toward 1.4640-70

Mid-Run:

the Mid-Run view showing main resistance at 1.4670 where above this zone market may start new uptrend wave that will target (1.5200 - 1.5300) as first target


	SUPPORT	RESISTANCE
LEVEL1	1.4525	1.4580
LEVEL2	1.4490-95	1.4640
LEVEL3	1.4460	1.4670

USD/JPY

USD/JPY

110.85

As we see over our previous chart, market seems heading along with our first scenario where drop correction on going where support at 110.35 and 109.70

as long as market holding above those supports we may see another advance wave which may target 112.60-80 zone

below 109.70 market may sustain drop toward 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

42.90

As we see over our previous chart, market managed to sustain drop where managed to hit low at 42.50 today

as long as market holding above 42.40 the uptrend will sustain with chance to hit above 44.50 zone

below 42.40 market may head for farther drop toward (39.50 - 40.00) zone before hit rebound correction 42.40


	SUPPORT	RESISTANCE
LEVEL1	42.40	44.00-50
LEVEL2	41.00	45.20
LEVEL3	39.40	48.00

GOLD

Gold

1234

As we see over our previous chart, market still holding trades above support 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	1242
LEVEL2	1208	1260-63
LEVEL3	1190-95	1275

Dow Jones

US30 Dow-Jones

18000

As we see over our previous chart, Market managed to obtain drop correction in the last few days where managed yesterday to hit low 17850

Market so far holding trades above support 17775 which we advised before that as long as market holding above this support the uptrend will sustain for more highs above 18175

below 17775 market may face more drop pressure toward 17500-50 zone


	SUPPORT	RESISTANCE
LEVEL1	17845	18175
LEVEL2	17775	18270
LEVEL3	17400-50	18330-65

Source: www.orbex.com

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