Daily market review for 18.04.2016

EUR/USD locates near the 1.13 level and has started to gradually increase in value. It’s not excluded, that during the day the price chart will move in a narrow range. USD/JPY trades negatively and still locates near its minimum values. Gold has started to grow. The asset's price has stopped at 1235. 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 positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1317. The important level that prevents the fall is located at 1.1272. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 108.47 and 109.05. The important level that prevents the fall is located at 107.84. 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 level that prevents the rise is located at 1239. The important levels that prevent the fall are located at 1232 and 1226. 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.