Daily market review for 20.04.2015

EUR/USD trades in a narrow range, but still keeps the tendencies for a further decline. Many investors are intended to sell the asset down to 1.03. In order to fall further, either some negative data for the Eurozone or some positive newsflow for the USA are necessary. GBP/USD trades in a narrow range with perspectives for a further fall down to 1.45, but some negative data for the UK is needed. USD/JPY trades negatively, but if a medium-term movement is considered, there might be a further increase in value. Gold trades in a narrow range and there might be a further rise.

Market news

Important statistics for the Eurozone are expected today. We recommend to pay attention to the German Producer Price Index, the results are expected to be better than the previous ones and can positively affect the euro. No important news for the UK and the USA will be published today.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.0822 and 1.0847. The important level that prevents the fall is located at 1.0766. 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 1.4983 and 1.5052. The important level that prevents the fall is located at 1.4920. 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 increase. The important level that prevents the rise is located at 0.7841. The important levels that prevent the fall are located at 0.7798 and 0.7758. 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 levels that prevent the rise are located at 119.02 and 119.25. The important level that prevents the fall is located at 118.55. 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 up, which show a further increase. The important levels that prevent the rise are located at 0.9563 and 0.9583. The important level that prevents the fall is located at 0.9504. 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 levels that prevent the rise are located at 51.71 and 52.25. The important level that prevents the fall is located at 50.06. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1205 and 1208. The important level that prevents the fall is located at 1201. 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.