Daily market review for 29.12.2014

EUR/USD is gradually gaining strength again. Although it has not reached yet its high of 1.22, it is moving towards its goal in a positive manner. For its further growth, watch out for positive economic news regarding European market and and the same time for negative economic news regarding the USA. The overall trend is still on the fall, but a possible correction of upwards movement is possible. GBP/USD is being traded in a positively and there are prospects of further growth. USD/JPY is being corrected after an active growth however a fall is possible. Gold is being traded positively. Many investors are expecting a growth.

Market News

Today the market belongs to speculation. No important news are expected.

Our Recommendations

EUR/USD is being traded in a positively. The moving averages are currently in an upwards postion which means that further growth is expected. The important level of growth to watch for is in the borders of 1.2200 and 1.2219. The important level of fall is around the border of 1.2166. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GBP/USD is being traded positively. The moving averages are also in an upwards position which means that further growth is expected. The important level of growth to watch for is around the border of 1.5584. The important level of fall is around the borders of 1.5562 and 1,5525. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

AUD/USD is being traded positively. The moving averages are in an upwards position which means that further growth is expected. The important level of growth to watch for is around the border of 0.8148. The important level of fall is around the borders of 0.8125 and 0,8104. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

USD/JPY is being corrected after an active growth. The moving averages are in a downwards position which means that further fall is expected. The important level of growth to watch for is around the border of 120,32 and 120,57. The important level of fall is around the borders of 120.14. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

 

GOLD is currently being traded in a positive direction. The moving averages are in a horizontal level but a future growth is possible. The important level of growth to watch for is around the border of 1199. The important level of fall is around the borders of 1192 and 1185. Keep a close look at the level of resistance and consider opening a PUT option. The same goes for the level of support. In that case you should consider opening a CALL option.

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.