Daily market review for 21.12.2015

EUR/USD continues to trade positively, but is still located near the 1.08 level. It has perspectives for a further growth. Most currency pairs trade along their trends from the end of the last week. GBP/USD, just like EUR/USD, trades positively and has perspectives for a further rise. USD/JPY trades in a narrow range and has tendencies for a further decline. There will be no fundamental economic news for today, therefore the pair's further move directly depends on traders' preferences. There might be active sales. Gold trades positively and has perpectives for a further increase in value.

Market news

Only some secondary data for the UK and the USA will be published today, and won't strongly affect the market. As to the Eurozone, we recommend to pay attention to the German PPI report, the data is expected to be better than the previous one and can positively influence the euro.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0883. The important levels that prevent the fall are located at 1.0837 and 1.0805. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.4932 and 1.4950. The important level that prevents the fall is located at 1.4886. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.7200. The important level that prevents the fall is located at 0.7115. 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 decrease. The important levels that prevent the rise are located at 122.14 and 123.54. 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 negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.9946 and 0.9975. The important level that prevents the fall is located at 0.9908. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 71.43. The important levels that prevent the fall are located at 70.83 and 70.47. 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 1071. The important level that prevents the fall is located at 1055. 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