Daily market review for 19.11.2015

EUR/USD corrects after its active fall. The pair keeps perspectives for a further decline, but some negative data for the Eurozone will be needed. Many investors continue to increase sales at each peak of the price chart. It has tendencies to fall down to 1.04. GBP/USD trades positively and has perspectives for a further rise. USD/JPY trades negatively and has tendencies for a further decrease. Gold trades positively and has tendencies for a further growth.

Market news

Important statistics for the UK and the USA are expected today. No important data for the Eurozone will be published today. As to the UK, we recommend to pay attention to the Core Retail Sales report, the data is expected to be worse than the previous one and can negatively affect the British pound. As to the USA, we recommend to pay attention to the Initial Jobless Claims report, the forecast is positive and can impact the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.0716. The important levels that prevent the fall are located at 1.0693 and 1.0616. 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 level that prevents the rise is located at 1.5293. The important levels that prevent the fall are located at 1.5268 and 1.5187. 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 level that prevents the rise is located at 0.7175. The important levels that prevent the fall are located at 0.7149 and 0.7101. 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 123.52 and 123.76. The important level that prevents the fall is located at 123.10. 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 1.0219. The important levels that prevent the fall are located at 1.0153 and 1.0127. 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 levels that prevent the rise are located at 64.73 and 65.23. The important level that prevents the fall is located at 64.29. 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 1079. The important levels that prevent the fall are located at 1075 and 1066. 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.