Daily market review for 29.03.2017

EUR/USD trades negatively, pair decreased to the level 1.07. GBP/USD trades in a narrow corridor and decreased to the level 1.23. AUD/USD trades in a narrow corridor and increased to the level 0.76. Currency pair USD/JPY increased to the level 111 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.99 and trades positively. Gold trades in a narrow corridor and decreased to the level 1249.

Market news

For Europe, pay attention to ECB's Praet Speech at 16:50 GMT. For US, pay attention to pending Home Sales (MoM) (Feb) at 14:00 and to crude Oil Inventories 14:30 GMT. For Britain, Switzerland, and Australia there will be no important news.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located at 1.0825. The important level that prevents the fall is located at 1.0779. 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 1.2418. The important level that prevents the fall is located at 1.2376. 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 0.7649. The important level that prevents the fall is located at 0.7531. 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. Important level that prevents the rise is located at 111.30. The important level that prevents the fall is located at 111.02. 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, that shows a further increase. The important level that prevents the rise is located 0.9944. The important level that prevents the fall is located at 0.9912. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow corridor. The important level that prevents the rise is located 1250. The important level that prevents the fall is located at 1246. 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.