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Daily Market Report 29-03-2016‏ by ORBEX

 

EUR/USD

  EUR/USD

1.1178

Market managed yesterday to advance where managed to test resistance 1.1215 without break while retreated today with support level at 1.1145

as long as market holding above 1.1145 will expect another chance to advance to break 1.1215 and to head toward 1.1305-25 zone

below 1.1145 market may sustain drop to re-test support zone 1.1050-70, while below 1.1050 market may head for more drop toward 1.0880 - 1.0900 zone

 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1145 1.1215
  LEVEL2 1.1100 1.1300-30
  LEVEL3 1.1050-70 1.1400
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4265

So far British Bound still moving along with our projection that we placed last week where we predict a rebound correction toward 1.4400-40 zone

intraday trading levels seeing support at 1.4180 while resistance at 1.4290 - 1.4315 zone

market may head for trading zone between those levels as we see over the chart , while we will expect farther advance latter toward 1.4400-40 zone

below 1.4180 market will add signs for more drop correction where support at 1.4105 and 1.4050
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4180 1.4290-1.4315
  LEVEL2 1.4105 1.4380
  LEVEL3 1.4050 1.4430-40
 
   
 
 
 
 

USD/JPY

  USD/JPY

113.55

Market managed to test resistance level 113.80-85 today which hold market advance so far

as we see over our previous 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, while above 113.85 will expect farther advance toward 114.45-55
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 112.90 113.85
  LEVEL2 112.00 114.45-55
  LEVEL3 111.35 115.10
 
   
 
 
 
 

Crude Oil

  Oil 6K -

38.70

As we see over our previous chart, market managed to head to test resistance zone 40.00-40 while market managed to retreat from that zone as we advised yesterday

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

market may head for trading zone between 37.70 - 40.00 for the coming short-run, while below 37.70 market will face 37.20 and 36.15 as support levels
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 37.70 39.40
  LEVEL2 37.20 40.00-40
  LEVEL3 36.15 42.40
 
   
 
 
 
 

GOLD

  Gold

1218

As we see over our previous 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

17505

As we see over our previous chart, Market managed to activate rebound correction movement last Friday while market managed yesterday to add more advance to re-test resistance level of the downtrend line

we still holding our previous projection that 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

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