Daily market review for 08.04.2016

EUR/USD has fallen down to the 1.13 mark, but still continues to trade in a narrow range. The price chart's further move is indefinite. USD/JPY has changed its direction. The pair trades positively, but locates near its minimum values. It has tendencies for a further growth. The price of gold increased up to the 1242 mark, but afterwards dropped down to 1235. There might be a further decline.

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 1.1400. The important level that prevents the fall is located at 1.1338. 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 increase. The important level that prevents the rise is located at 108.99. The important level that prevents the fall is located at 107.68. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1242. The important level that prevents the fall is located at 1234. 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.