Daily market review for 05.04.2016

EUR/USD continues to trade negatively near the 1.13 level. The pair has tendencies for a further decline. USD/JPY has reached its 3-month low at 110.78. It has perspectives for a further fall. Gold's value has changed its direction. The asset trades positively, and there might be a further increase. The asset's price has stopped at 1225.

Market news

Only some important US reports will be released today. We recommend to pay attention to the ISM Non-Manufacturing PMI. The data is expected to be better than the previous one and can positively influence the American dollar.

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 1.1410. The important levels that prevent the fall are located at 1.1373 and 1.1358. 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 111.37 and 111.74. The important level that prevents the fall is located at 110.78. 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 up, which show a further increase. The important level that prevents the rise is located at 1226. The important levels that prevent the fall are located at 1221 and 1214. 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.