Daily market review for 06.05.2016

EUR/USD continues to trade in a narrow range near the 1.14 mark. The price chart’s further move is indefinite. USD/JPY trades negatively, but now the price chart is showing a slight trend reversal. Gold trades positively. The asset's price has stopped at 1277. There might be a further increase.

Market news

Only some important data for the USA will be published today. We recommend to pay attention to the Unemployment rate report, which can influence the USD's value.

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 1.1415 and 1.1442. The important level that prevents the fall is located at 1.1386. 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 increase. The important level that prevents the rise is located at 107.50. The important levels that prevent the fall are located at 107.04 and 106.81. 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 1280 and 1286. The important level that prevents the fall is located at 1268. 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.