Daily market review for 04.04.2016

EUR/USD trades negatively near the 1.13 level. The pair has tendencies for a further decline. USD/JPY continues to decrease in value. The pair currently trades near the 111 mark and keeps perspectives for a further fall. Gold still trades negatively. The asset's price has stopped at 1217. There might be a trend reversal during the day.

Market news

There will be no important data for the Eurozone and the USA. There might be some short-term trends.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1438. The important levels that prevent the fall are located at 1.1370 and 1.1335. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 111.80 and 112.46. The important level that prevents the fall is located at 111.33. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1223 and 1232. The important level that prevents the fall is located at 1208. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.