Daily market review for 10.11.2015

EUR/USD continues to trade negatively and has perspectives for a further fall. Many investors are intented to sell the pair further down to 1.07. In order to perform a further decline, some negative newsflow for the Eurozone or some positive one for the USA are needed. GBP/USD trades negatively and has tendencies for a further decrease in value. USD/JPY trades positively and has perspectives for a further rise. Gold trades positively and has tendencies for a further growth.

Market news

Some important data for the USA is expected today. There will be no important releases for the Eurozone and the UK. As to the USA, we recommend to pay attention to the Import Price Index report, the results are expected to be better than the previous ones and can positively affect the US dollar.

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 1.0761 and 1.0789. The important level that prevents the fall is located at 1.0725. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/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 1.5127. The important levels that prevent the fall are located at 1.5102 and 1.5056. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.7069. The important levels that prevent the fall are located at 0.7044 and 0.7026. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 123.33 and 123.61. The important level that prevents the fall is located at 122.99. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF 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 1.060. The important levels that prevent the fall are located at 1.025 and 0.9997. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades in a narrow range. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 64.32 and 64.42. The important level that prevents the fall is located at 64.20. 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 levels that prevent the rise are located at 1094 and 1096. The important level that prevents the fall is located at 1088. 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.