ADVERTISEMENT



Daily Market Report 6-6-2016‏ by ORBEX

EUR/USD

  EUR/USD

1.1340

Market managed to jump fast on US Non-Farm-Payroll last Friday as big drop activate doubts of ability for Fed to hike rate this month

market managed to break throw 1.1245 where target set toward 1.1345 as we advised last Friday

for the short-run market facing support at 1.1285 and 1.1215, where as long as Euro holding above one of those supports the uptrend will sustain toward 1.1450-70 zone

market may face full drop correction toward 1.1100 if market fell below 1.1215 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1285 1.1370
  LEVEL2 1.1245 1.1450-70
  LEVEL3 1.1215 1.1525
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4390

Market managed to head for fast advance to test 1.4570 resistance zone after US labor market figures last Friday

market managed to retreat from resistance zone 1.4570 as we advised last week and as we can see over our previous chart

intraday trading levels facing resistance at 1.4500-20 zone , while short-run facing resistance at 1.4570

as long as market holding below one of those resistance the downtrend will sustain toward 1.4330 and maybe 1.4280-90 zone

above 1.4570 market may restore strength for farther advance with resistance at 1.4660
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.4360 1.4465
  LEVEL2 1.4280 - 1.4320 1.4520
  LEVEL3 1.4220 1.4570
 
   
 
 
 
 

USD/JPY

  USD/JPY

107.16

Market managed to sustain drop movement after US jobs report where managed to test 106.40 today

as long as market holding trades above 105.15 a trading zone may hit the market toward 111.00

below 105.15 market may start new downtrend wave that may target 100.70 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 105.55 107.25
  LEVEL2 105.15 108.20
  LEVEL3 104.10 109.25
 
   
 
 
 
 

Crude Oil

  Oil 6N - new contract

49.15

as we see over the chart, market facing bigger trading zone after market fell below 48.40 level

as long as market holding trades above support 47.40 a trading zone may hold toward 50.00 levels

below 47.40 farther drop may hit the market toward 45.50 before rebound correction may hit market

above 50.20 market may go for farther advance toward 51.50-90 zone

 
 
 
    SUPPORT RESISTANCE
  LEVEL1 47.40 49.40
  LEVEL2 46.25 50.20
  LEVEL3 45.50 51.50
 
   
 
 
 
 

GOLD

  Gold

1242

Market managed to jump fast above resistance 1220 after US jobs report last Friday

as we see over the chart, market now in trading zone between 1190 - 1265

while short run may sustain advance to test 1265 before a drop correction hit the market

short-run showing support at 1228 where as long as market holding above the uptrend will sustain to test resistance 1255 and 1265

below 1228 market may back to downtrend movement


 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1228 1255
  LEVEL2 1215 1265
  LEVEL3 1200 1275
 
   
 
 
 
 

Dow Jones

  US30 Dow-Jones

17845


As we advised 2 weeks ago ,Market managed to sustain advanced as we advised before where Dow facing now 17935-55 resistance zone

as long as market holding below 17935-55 we will expect another drop wave toward 17540 zone before uptrend continue toward 18000-75 zone

while above 17955 market may sustain advance toward 18075 without any drop correction movement
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17700 17935-55
  LEVEL2 17630-50 18075
  LEVEL3 17480 18170
 

Source: www.orbex.com

Read 674 times

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Newsletter Subscription Form

You are more than welcome to subscribe to our Newsletter and be among the first who get to hear about regular updates on forex and other related news, brokers' updates, websites' changes and more!
I agree with the Terms and conditions and the Privacy policy
Thank you!