Daily market review for 18.03.2015

EUR/USD trades negatively and has perspectives for a further decrease in value. Important statistics for the USA are expected today, in case of any positive data EUR/USD can renew its lows. Generally, there are still some unreached targets near 1.03, which could be achieved in the nearest time. GBP/USD, just like EUR/USD, is located under strong pressure. The pair still keeps tendencies for a further decline. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and could further decrease in value.

Market news

Important statistics for the UK and the USA are expected today. As to the UK, we recommend to pay attention to the Claimant Count Change report, the data is expected to be better than the previous one and can positively affect the euro. No important data for the Eurozone will be published today. As regards to the USA, the FOMC statement will be announced, some strong movements are likely to occur during the event.

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 1.0612 and 1.0649. The important level that prevents the fall is located at 1.0579. 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 decrease. The important levels that prevent the rise are located at 1.4769 and 1.4844. The important level that prevents the fall is located at 1.4723. 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 decrease. The important levels that prevent the rise are located at 0.7628 and 0.7664. The important level that prevents the fall is located at 0.7601. 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 down, which show a further decrease. The important levels that prevent the rise are located at 121.39 and 121.50. The important level that prevents the fall is located at 121.10. 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 1.0090. The important levels that prevent the fall are located at 1.0049 and 1.1009. 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 61.94. The important levels that prevent the fall are located at 60.92 and 60.43. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1160. The important levels that prevent the fall are located at 1146 and 1143. 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.