Daily market review for 13.01.2016

EUR/USD has started to trade positively after its sharp decline. The pair is located near the 1.08 level and keeps perspectives for a further rise. GBP/USD has slightly decreased in value after the negative data for the UK, but currently trades in a narrow range. The pair's further move is indefinite. USD/JPY trades positively and has tendencies for a further growth. Gold continues to trade negatively and has fallen by 12 points by reaching the 1082 level. The asset still keeps tendencies for a further decrease, which can be considered as a strong signal to open a profitable trade.

Market news

Only some secondary statistics for the Eurozone will be published today and will not strongly affect the market. No data for the UK will be published today. As to the USA, we recommend to pay attention to the Crude Oil Inventories report. The data is expected to be better than the previous one and can positively influence the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.0862 and 1.0900. The important level that prevents the fall is located at 1.0812. 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 1.4477 and 1.4538. The important level that prevents the fall is located at 1.4352. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 0.7048. The important levels that prevent the fall are located at 0.6973 and 0.6939. 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 decrease. The important level that prevents the rise is located at 118.36. The important levels that prevent the fall are located at 117.39 and 117.23. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.0059. The important levels that prevent the fall are located at 1.0001 and 0.9966. 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 down, which show a further decrease. The important level that prevents the rise is located at 77.19. The important levels that prevent the fall are located at 76.67 and 75.84. 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 up, and there might be a further increase. The important levels that prevent the rise are located at 1092 and 1098. The important level that prevents the fall is located at 1082. 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.