Daily market review for 07.04.2016

EUR/USD has succeeded to reach the 1.14 level, but currently trades in a narrow range. The price chart's further move is indefinite. USD/JPY continues to actively decrease in value. The pair has formed a new 3-month low at 109. It has tendencies for a further decline. Gold's value is actively growing. The asset's price has currently stopped at 1229. There might be a further increase.

Market news

Today there will be 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 increase. The important level that prevents the rise is located at 1.1432. The important levels that prevent the fall are located at 1.1392 and 1.1327. 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 109.83 and 110.45. The important level that prevents the fall is located at 109.02. 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 1231. The important levels that prevent the fall are located at 1223 and 1216. 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.