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Daily Market Report 30-03-2016‏ by ORBEX

 

EUR/USD

  EUR/USD

1.1320

Market managed to sustain advance in line with expectations where managed to test 1.1325 today where market facing resistance zone as we see over the chart

market will face main resistance zone at 1.1340-75 where as long as market holding below this zone a drop toward 1.1050-70 will be on hand.

above 1.1375 market will enter new uptrend wave that may drive the single currency toward 1.1620 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1280 1.1340-75
  LEVEL2 1.1220 1.1495
  LEVEL3 1.1145 1.1620
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4380

Market managed to sustain advance in line with expectation where managed today to hit our target zone 1.4400-40

as we see over the chart, market now trying to build Head & Shoulder formation where resistance zone at 1.4440 - 1.4515

as long as market holding below this zone another drop wave may hit the market toward 1.3950 zone

above 1.4515 this Head and Shoulder will be corrupted and another advance toward 1.4600-70 zone will be available

intraday levels showing support at 1.4345-70 where as long as market holding above will expect farther advance inside 1.4440 - 1.4515 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4345-70 1.4440-1.4515
  LEVEL2 1.4260 1.4670
  LEVEL3 1.4195 1.4840
 
   
 
 
 
 

USD/JPY

  USD/JPY

112.35

Dollar/Yen managed to fell below support 112.90 which activated another drop movement as short-run term still holding trades inside our projected channel (Snake in Tunnel)

intraday trading levels seeing resistance at 112.45 and 112.80 where as long as market holding trades below those level will expect farther drop toward 111.35 and 110.55

above 112.80-90 market may head for another test for this channel where resistance now laying at 113.70-85 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 112.00 112.45
  LEVEL2 111.35 112.80-90
  LEVEL3 110.55 113.70-85
 
    
 
 
 
 

Crude Oil

  Oil 6K -

38.85

As we see over the chart, so far Oil still moving along with our expectation where we still see market holding trades inside our trading zone 37.70 - 40.00

market may head again toward 39.80-40.00 zone where from there will expect another drop toward 38.35 to obtain what we advised before (Trading Zone)

below 37.70 market may sustain drop toward 37.20 and 36.15 , while above 40.40 market may go to visit 41.80 again
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 37.70 39.80-40.00
  LEVEL2 37.20 40.80
  LEVEL3 36.15 41.80
 
   
 
 
 
 

GOLD

  Gold

1236

Market managed to jump above 1225 yesterday which allowed market for more advance toward 1240 while as we see over the chart market facing resistance zone of the downtrend channel around 1244

as long as market holding below 1244 the downtrend pressure will back for another visit toward 1200-05 zone

intraday levels showing support at 1234 where as long as market holding above this level the chance will sustain to re-test 1244 where above this zone expect 1265
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1234 1244
  LEVEL2 1225 1265
  LEVEL3 1200-05 1285
 
   
 
 
 
 

Dow Jones

  US30 Dow-Jones

17745

Market managed to advance and broke above 17650-700 zone which may activate another uptrend wave that may target 18000-100 zone

as long as market holding above 17650 will expect this uptrend wave to sustain toward our projected target

below 17620 market may head again for small drop correction toward 17420-60 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17620-50 17820
  LEVEL2 17500 17905
  LEVEL3 17400 18000-100
 
   
 

Source: www.orbex.com

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