Market Analysis 16 Mar 2026
In EURUSD, as precisely mentioned in Wednesday’s analysis, the price has reached the 1.0800 level. The price failed to provide a close above 1.16680 and started decreasing toward our targets at 1.15320 and 1.14950. Now if the price receives support from the 1.13750-1.13540 zone, it could increase and move toward 1.14950 and 1.15310. Furthermore, if it breaks above 1.16160 and closes above 1.18300, it could then move toward 1.18420-1.18700 and 1.19020-1.19230. However, if the price fails to receive support at 1.13750-1.13540, it could decrease toward 1.13150-1.12890, and if it breaks below this zone, it could lead to further downside toward 1.11680-1.11470.
In WTI, as precisely mentioned in Wednesday’s analysis, the 81.700-82.100 supported the price and after providing a close above 87.000, it has reached our targets at 88.600, 90.400–91.300, 93.090, and 95.800–97.300. At this stage, if the price continues to increase and provides a confirmed close above 100.300, further upside may follow toward 101.020–102.500, 110.800–112.500, 120.300–121.450, 122.390, 124.940–126.340, and 152.230. On the downside, if the price breaks below 91.300-90.400, it may start to retrace some of its bullish momentum and decline toward 75.500, 74.550-74.190, 73.300-73.180, 72.600-72.200, and 70.800-70.450.
In XAUUSD, As precisely mentioned in Wednesday’s analysis, the 5170-5178 zone failed to support the price and it has started to decrease toward our targets at 5117-5091 and 5031. At this stage, if the price receives support from this zone, it could open the way for further upside movement toward 5094-5099, 5091-5117, 5170-5178, 5256-5265, 5342-5362, 5429-5441, 5468, 5538-5567, and 5647. On the other hand, if the price drops below 4966, it could lead to another downward trend toward lower support levels at 4924–4932, 4845, 4747–4730, 4675–4665, 4614–4602, 4574–4566, and 4488–4482.
In the S&P 500, As precisely mentioned in Wednesday’s analysis, the price faced resistance at 6830-6837 and started to decrease toward our targets at 6765-6755, 6636-6625, and 6611. At this stage, if the price receives support from this zone or from 6573-6564, it could continue to increase and reach our targets at 6665-6675, 6698, 6720-6727, 6750, and 6788-6803. However, if the price faces resistance and it breaks below 6573–6564 zone, it may trigger deeper losses toward 6539, 6519–6504, 6478, and 6446.
