Daily market review for 16.03.2015

EUR/USD gradually corrects after its active decline. EUR/USD remains under strong selling pressure and has perspectives for a further fall. The important level that prevents a further decrease is located near the 1.03 level. GBP/USD, just like EUR/USD, trades negatively, but has perspectives for a further fall. USD/JPY corrects after the active growth, but still keeps the positive sentiment and could further increase in value. Gold trades positively and has perspectives for a further rise.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the ECB president’s performance, some strong multidirectional movements are likely to occur during the event. As regards to the USA, the Industrial Production report will be published. The data is expected to remain on the same level, but in case of any positive results the pair can continue to rise.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.0547 and 1.0632. The important level that prevents the fall is located at 1.0460. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.4787 and 1.4892. The important level that prevents the fall is located at 1.4698. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.7658 and 0.7692. The important level that prevents the fall is located at 0.7608. 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 121.44 and 121.55. The important level that prevents the fall is located at 121.12. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF 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 1.0110. The important levels that prevent the fall are located at 1.0047 and 1.1011. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUR 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 62.65. The important levels that prevent the fall are located at 61.47 and 60.18. 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 1164. The important levels that prevent the fall are located at 1158 and 1153. 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.