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Tuesday, 26 April 2016 15:46 Written by

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

Read 253 times Last modified on Tuesday, 26 April 2016 15:46

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