Daily market review for 16.05.2016

EUR/USD continues to trade in a narrow range near the 1.13 level. The price chart’s further move is indefinite. USD/JPY after the slight growth has started to decrease in value. The pair trades near 108 level and keeps tendencies for a further decline. Gold continues to actively grow. The asset's price has stopped at 1276 and keeps perspectives for a further rise.

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 levels that prevent the rise are located at 1.1320 and 1.1356. The important level that prevents the fall is located at 1.1283. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 108.98 and 109.54. The important level that prevents the fall is located at 108.47. 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 1279. The important levels that prevent the fall are located at 1270 and 1262. 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.