Daily market review for 11.01.2016

EUR/USD still trades in a narrow range and locates near the 1.09 level. GBP/USD, just like EUR/USD, trades in a narrow range. Both currency pairs keep perspectives for a further growth. The assets' further moves in the beginning of the week will depend on traders' activity, since there will be no important economic news for today. USD/JPY trades positively and has tendencies for a further rise. Gold continues to trade positively and locates near the 1107 level, and there might be a further increase.

Market news

Only some secondary data for the Eurozone, the UK and the USA will be published today. There might be some short-term tendencies around 14:00 and 15:00 GMT time.

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 1.0969. The important levels that prevent the fall are located at 1.0871 and 1.0803. 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 levels that prevent the rise are located at 1.4559 and 1.4630. The important level that prevents the fall is located at 1.4495. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.6996 and 0.7064. The important level that prevents the fall is located at 0.6927. 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 117.95 and 118.81. The impotant level that prevents the fall is located at 116.71. 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 levels that prevent the rise are located at 0.9986 and 1.0052. The important level that prevents the fall is located at 0.9882. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 75.64. The important levels that prevent the fall are located at 74.55 and 73.57. 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 1108. The important levels that prevent the fall are located at 1097 and 1092. 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.