Daily market review for 11.03.2016

EUR/USD has shown an intense growth after the Interest rate decision had been announced, and has risen from the 1.08 level up to 1.12. Now the pair trades in a narrow range, but still locates near its maximum values. GBP/USD, just like EUR/USD, trades in a narrow range and locates near the 1.42 mark. USD/JPY trades positively near the 113 level and keeps tendencies for a further growth. Gold has formed a new high at 1283. No the asset's price has stopped at 1267. Gold's value has started to gradually fall, therefore we recommend traders to pay a lot of attention to the price chart's next move.

Market news

As to the Eurozone, the UK and the USA, only some secondary data will be released, which won't strongly affect the pairs' values.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1218. The important levels that prevent the fall are located at 1.1101 and 1.0821. 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 range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.4317. The important levels that prevent the fall are located at 1.4262 and 1.4118. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.7511. The important levels that prevent the fall are located at 0.7460 and 0.7426. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 113.59 and 114.45. The important level that prevents the fall is located at 112.62. 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 range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.9894 and 1.0094. The important level that prevents the fall is located at 0.9810. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 70.98 and 71.84. The important level that prevents the fall is located at 69.89. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1283. The important levels that prevent the fall are located at 1266 and 1236. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.