Daily market review for 06.04.2016

EUR/USD trades negatively near the 1.13 mark. The pair has perspectives for a further fall. USD/JPY has breached its 3-month low and continues to decrease in value. The pair's price still locates near the 110 level and keeps tendencies for a further decline. Gold trades in a narrow range. The price chart's further move is indefinite. The asset's value has stopped at 1229.

Market news

Only some important US statistics will be released today. We recommend to pay attention to the Crude oil inventories report and the FOMC Meeting minutes. The data can strongly affect the further value of 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 1.1401. The important levels that prevent the fall are located at 1.1365 and 1.1336. 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 level that prevents the rise is located at 110.80. The important level that prevents the fall is located at 109.95. 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 increase. The important level that prevents the rise is located at 1236. The important level that prevents the fall is located at 1225. 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.