Daily market review for 20.04.2016

EUR/USD trades negatively and keeps perspectives for a further decline. USD/JPY trades negatively near the 108 mark, but there might be a trend reversal during the day. Gold's value has grown up to 1257, but now has started to gradually fall. The asset's price has stopped at 1250. There might be a further decrease.

Market news

Only some important data for the USA will be published today. We recommend to pay attention to the Existing home sales and the Crude oil inventories. The reports can have a strong impact on the USD's value.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1385. The important level that prevents the fall is located at 1.1354. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 109.11 and 109.45. The important level that prevents the fall is located at 108.88. 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 1257. The important level that prevents the fall is located at 1248. 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.