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Monday, 28 March 2016 14:38 Written by

Daily Market Report 28-03-2016 by ORBEX‏

EUR/USD

  EUR/USD

1.1165

as we see over our previous chart, Euro still holding strong against Dollar as market still seeking the drop correction toward 1.1050-70 zone which protected by resistance around 1.1215

as long as market holding below 1.1215 the downtrend pressure will sustain for farther drop to test 1.1050-70 zone

above 1.1215 market will add more signals for farther advance toward above 1.1300 zone

 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1150 1.1215
  LEVEL2 1.1100 1.1300-30
  LEVEL3 1.1050-70 1.1400
 
   
 
 
 
 

GBP/USD

  GBP/USD

09 1.4160

British Pound managed to sustain advance last week toward 1.4183 while still holding below this resistance

as long as market holding below 1.4180 another drop correction toward 1.4080-90 may hit the market while from there will expect another advance toward 1.4230-40 zone

above 1.4180 expect market to head toward 1.4230-40 where above this zone farther advance toward 1.4400 is expected

below 1.4050 market will face 1.3950 as support zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4080-90 1.4180
  LEVEL2 14050 1.4230-40
  LEVEL3 1.3950 1.4315
 
   
 
 
 

 

USD/JPY

  USD/JPY

113.55

Market managed to hit above 113.30 resistance level which activated farther advance where market will face resistance at 113.85 and 114.45-55 as we see over the chart

market facing support zone at 112.90 where as long as market holding above this zone the uptrend will sustain for farther advance

below 112.90 market may face another drop movement that may lead toward 111.35 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 112.90 113.85
  LEVEL2 112.00 114.45-55
  LEVEL3 111.35 115.10
 
   
 
 
 
 

Crude Oil

  Oil 6K -

39.70

As we see over the chart, market managed to head to test resistance zone 40.00-40 while market still holding below this zone

as long as market holding below 40.40 we will expect another drop movement toward 37.70 zone

above 40.40 market may activate another advance 41.80 and 42.40 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 39.40 4 0.00-40
  LEVEL2 38.35 41.80
  LEVEL3 37.70 42.40
 
   
 
 
 
 

GOLD

  Gold

1216

As we see over the chart, market managed to hit last week our first target 1215 inside our projected downtrend channel

Gold facing resistance at 1226 and 1240 where as long as market holding below those resistance will expect farther drop to test 1180-90 support zone

above 1240 market may head for farther advance toward 1265 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1205 1226
  LEVEL2 1190 1240
  LEVEL3 1180 1265
 
   
 
 
 
 

Dow Jones


  US30 Dow-Jones

17570

Market managed to activate rebound correction movement last Friday while market managed today to add more advance to re-test resistance level of the downtrend line as we see over the chart

as long as market holding trades below 17700 will expect another drop correction toward 17150 zone

above 17700 market may add more advance toward 18000-100 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17400 17650-700
  LEVEL2 17260 17910
  LEVEL3 17150 18000-50
 
   

Source: www.orbex.com

Read 222 times Last modified on Monday, 28 March 2016 14:38

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