Daily Market Report 27-04-2016 by Orbex

EUR/USD

EUR/USD

1.1315

Market managed to jump above 1.1310 which activate farther advance while market awaiting today the FOMC statement to get more clue for the future of the dollar interest rate .

market facing resistance zone at 1.1350-60, where as long as market holding below this zone another drop is available toward 1.1150-70 .

above 1.1360 market may add more advance to break above 1.1395 which may give the market an opportunity to build new uptrend wave toward 1.1495


	SUPPORT	RESISTANCE
LEVEL1	1.1235	1.1350-60
LEVEL2	1.1150-70	1.1420-35
LEVEL3	1.1050-70	1.1495

GBP/USD

GBP/USD

1.4604

Market managed yesterday to hit close to our target zone 1.4640-70

this zone will consider as resistance zone which may drive market for drop correction toward 1.4510 before market resume uptrend movement , while below 1.4510 market may extend drop correction before resuming uptrend wave .

from another side if market managed to jump above 1.4670 this may set the Pound in uncertainty mode where UP or DOWN whould be available for short-run trading

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	1.4550	1.4640-70
LEVEL2	1.4510	1.4725
LEVEL3	1.4430	1.4815

USD/JPY

USD/JPY

111.25

Market still trying to obtain drop correction to test 110.35 support zone , while market facing resistance at 111.90 level

as long as market holding below 111.90 the drop correction toward 110.35 will be expected

as long as market holding above 109.70 the uptrend will sustain toward 112.60-80 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

44.95

Market managed to hold support of 42.40 where managed to advance from there toward new high above 44.50 as we advised before

short-run showing resistance level at 45.20 where as long as market holding below this level another drop correction toward 43.00-20 zone will be expected before resuming uptrend toward 48.35 zone

while above 45.20 market may sustain advance without drop correction


	SUPPORT	RESISTANCE
LEVEL1	44.40	45.20
LEVEL2	43.00-20	46.60
LEVEL3	42.40	48.35

GOLD

Gold

1246

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

intraday trading levels built support at 1239 where as long as market holding above this level the intraday market will sustain advance toward 1260-63 zone

below 1239 market will face support at 1227-32 zone


	SUPPORT	RESISTANCE
LEVEL1	1220-25	1248
LEVEL2	1208	1260-63
LEVEL3	1190-95	1275

Dow Jones

US30 Dow-Jones

17965

As we see over our previous chart, Market managed to obtain drop correction in the last few days where managed this week 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