Daily market review for 03.05.2016

EUR/USD has shown a record growth, by breaching the 1.15 level. The pair still trades positively and keeps tendencies for a further rise. USD/JPY has formed a new low at 105.87 and continues to decrease in value. Gold has breached the 1300 mark, but afterwards had slightly declined and currently trades in a narrow range.

Market news

There will be no important data for the Eurozone and the USA.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1542. The important levels that prevent the fall are located at 1.1514 and 1.1469. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 106.31 and 106.82. The important level that prevents the fall is located at 105.87. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD 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 1296 and 1303. The important level that prevents the fall is located at 1287. 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.