Daily market review for 19.04.2016

EUR/USD continues to trade near the 1.13 mark. The pair has perspectives for a further growth. USD/JPY trades positively and still locates near its minimum values. The pair's price chart can also move in a narrow range during the day. Gold's value is growing. The asset's price has stopped at 1232. There might be a further increase.

Market news

The important data for the Eurozone and the USA will be published today. We recommend to pay attention to the German ZEW economic sentiment and the US Building permits. Both forecasts are positive and can influence the currencies' values.

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 1.1332. The important level that prevents the fall is located at 1.1304. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 109.22. The important level that prevents the fall is located at 108.73. 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 1235. The important level that prevents the fall is located at 1227. 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.