Daily market review for 18.11.2015

EUR/USD continues to trade negatively. In order to further decrease in value the pair needs to strengthen below 1.06. Many investors keep increasing sales and focus on a further fall. Some negative newsflow for the Eurozone is needed to perform a further decline. GBP/USD trades in a narrow range. The asset still has tendencies for a further fall, some strong data for the UK will be necessary. USD/JPY trades negatively and has perspectives for a further rise. Gold trades negatively and has perspectives for a further fall.

Market news

Important statistics for the USA are expected today. No important news for the Eurozone and the UK will be published today. As to the USA, we recommend to pay attention to the Building Permits report, the data is expected to be better than the previous one and can positively affect the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0654 and 1.0678. The important level that prevents the fall is located at 1.0629. 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 level that prevents the rise is located at 1.5237. The important levels that prevent the fall are located at 1.5191 and 1.5154. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.7102 and 0.7139. The important level that prevents the fall is located at 0.7071. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY 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 123.30 and 123.50. The important level that prevents the fall is located at 123.20. 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 1.0170. The important levels that prevent the fall are located at 1.0138 and 1.0107. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB 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 65.52. The important levels that prevent the fall are located at 64.82 and 64.34. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1083. The important levels that prevent the fall are located at 1068 and 1065. 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.