Daily market review for 12.05.2016

EUR/USD trades in a narrow range near the 1.14 level. The price chart’s further move is indefinite. USD/JPY trades positively near the 109 mark, and has tendencies for a further growth. Gold is actively decreasing in value. The asset's price has stopped at 1270 and keeps perspectives for a further decline.

Market news

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 1.1447. The important levels that prevent the fall are located at 1.1419 and 1.1388. 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 108.95. The important level that prevents the fall is located at 108.23. 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 1278. The important level that prevents the fall is located at 1270. 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.