Daily market review for 04.09.2017

EUR/USD trades positively, pair decreased to the level 1.18. GBP/USD trades in a narrow corridor and stay at the level 1.29. AUD/USD trades in a narrow corridor and stay at the level 0.79. Currency pair USD/JPY decreased at the level 109 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.95 and trades in a narrow corridor. Gold trades in positively and increased to the level 1338.

For Europe, there will be no important news today. For US, there will be no news today. For Britain, pay attention to Construction PMI (Aug) at 8:30 GMT. For Australia and Switzerland, there will be no important news.

Our recommendations

EUR/USD trades positively. Moving averages are located up, that shows a further increase. The important level that prevents the rise is located at 1.1902. The important level that prevents the fall is located at 1.1876. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.2965. The important level that prevents the fall is located at 1.2947. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow corridor. The important level that prevents the rise is located at 0.7971. The important level that prevents the fall is located at 0.7948. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow corridor. level that prevents the rise is located at 109.92. The important level that prevents the fall is located at 109.37. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow corridor. The important level that prevents the rise is located 0.9616. The important level that prevents the fall is located at 0.9577. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages are located up, that shows a further increase. The important level that prevents the rise is located 1339. The important level that prevents the fall is located at 1331. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.