Daily market review for 10.12.2015

EUR/USD has reached the level of 1.10, but currently trades negatively. Traders expect a new phase of decline. GBP/USD has also demonstrated an active rise, and is likely to continue to trade positively. There's still no strong market news, therefore most currency pairs can trade indefinitely. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and has tendencies to further decrease in value.

Market news

Only some secondary statistics for the Eurozone and the USA are expected today, and will not strongly affect the market. As to the UK, we recommend to pay attention to the Interest rate decision. The data is expected to remain on the previous level, but can positively influence the British pound.

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 1.1043. The important levels that prevent the fall are located at 1.0959 and 1.0908. 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 1.5196. The important levels that prevent the fall are located at 1.5084 and 1.5034. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 0.7333. The important levels that prevent the fall are located at 0.7240 and 0.7171. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 122.86 and 122.26. The important level that prevents the fall is located at 121.09. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.9939 and 0.9889. The important level that prevents the fall is located at 0.9820. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 69.61. The important levels that prevent the fall are located at 69.08 and 68.70. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1084 and 1077. The important level that prevents the fall is located at 1069. 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