Daily market review for 18.12.2015

Most currency pairs started to trade in an opposite direction. Trends are only about to form. EUR/USD began to gradually increase in value, but still trades near the 1.08 level. It has perspectives for a further rise. GBP/USD, just like EUR/USD, trades positively and keeps tendencies for a further growth. USD/JPY trades negatively and has perspectives for a further decline. Gold trades positively and has perspectives for a further rise.

Market news

Only some secondary data for the Eurozone and the UK will be published today, and will not strongly influence the market. As to the USA, we recommend to pay attention to the Services PMI report, the data is expected to be worse than the previous one and can negatively affect the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0869. The important level that prevents the fall is located at 1.0802. 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 level that prevents the rise is located at 1.4994. The important level that prevents the fall is located at 1.4865. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 0.7179 and 0.7211. The important level that prevents the fall is located at 0.7098. 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 level that prevents the rise is located at 123.03. The important level that prevents the fall is located at 121.85. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 0.9991. The important level that prevents the fall is located at 0.9930. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 71.29. The important level that prevents the fall is located at 70.34. 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 levels that prevent the rise are located at 1059 and 1068. The important level that prevents the fall is located at 1048. 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