Daily market review for 05.05.2016

EUR/USD trades in a narrow range near the 1.14 mark. There might a further fall. USD/JPY trades positively, but still locates near the 107 level. The pair has perspectives for a further growth. Gold trades near its maximum values at 1281. The asset keeps tendencies for a further increase.

Market news

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

Our recommendations

EUR/USD 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 1.1503 and 1.1530. The important level that prevents the fall is located at 1.1466. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

USD/JPY trades positively. Moving averages stay up, which show a further rise. The important level that prevents the rise is located at 107.25. The important levels that prevent the fall are located at 106.89 and 106.25. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1282 and 1289. The important level that prevents the fall is located at 1271. 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.