Daily market review for 12.04.2016

EUR/USD is still located near the 1.14 level, but trades in a narrow range. The price chart's further move is indefinite. USD/JPY has changed its direction, now the pair trades positively. It has tendencies for a further growth. Gold is located near the 1253 level and also trades in a narrow range. There might be some new short-term trends.

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 levels that prevent the rise are located at 1.1417 and 1.1448. The important level that prevents the fall is located at 1.1394. 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 108.28. The important level that prevents the fall is located at 107.79. 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 level that prevents the rise is located at 1259. The important levels that prevent the fall are located at 1252 and 1246. 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.