Daily market review for 15.04.2016

EUR/USD continues to locate near the 1.12 level. The pair trades in a narrow range. The price chart's further move is indefinite. USD/JPY trades positively, but locates near its minimum values. There might be a trend reversal during the day. Gold still trades near the 1228 mark without any strong fluctuations. We recommend traders to preferably open short-term trades.

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 1.1269 and 1.1295. The important level that prevents the fall is located at 1.1248. 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 level that prevents the rise is located at 109.73. The important levels that prevent the fall are located at 109.29 and 108.90. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1230 and 1240. The important level that prevents the fall is located at 1223. 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.