Daily market review for 18.01.2016

EUR/USD is located in the downtrend and keeps perspectives for a further decline. The pair now trades near the 1.09 level. GBP/USD has started to gradually increase in value after its prolonged fall to the 1.42 mark. The pair's further move will directly depend on economic releases, but nevertheless there are some tendencies for a further rise. USD/JPY trades in a narrow range after its short growth. There might appear a new short-term negative or positive trend. Gold has started to rise and has reached the 1096 mark, but has a tendency for a further fall, which now can be considered as a good signal to open a profitable trade.

Market news

Only some secondary data for the Eurozone, the USA and the UK will be published today, which will not strongly affect the market. Traders need to pay attention to any short-term positive and negative tendencies during the day.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0928 and 1.0985. The important level that prevents the fall is located at 1.0861. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.4363 and 1.4410. The important level that prevents the fall is located at 1.4251. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 0.6958. The important level that prevents the fall is located at 0.6826. 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 range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 117.49 and 117.93. The important level that prevents the fall is located at 116.51. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0061. The important levels that prevent the fall are located at 1.0007 and 0.9960. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 78.56. The important levels that prevent the fall are located at 77.55 and 76.37. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay down, which indicates the beginning of further decline. The important level that prevents the rise is located at 1096. The important levels that prevent the fall are located at 1087 and 1079. 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.