Daily market review for 22.04.2016

EUR/USD has shown an intense growth due to the Interest decision announcement. Afterwards the pair started to fall and now trades in a narrow range near the 1.13 level. USD/JPY has started to gradually decline after its sharp growth. Gold has risen up to the 1269 mark, but now trades in a narrow range near 1247. There might be a further decrease.

Market news

Only some important data for the Eurozone will be published today. We recommend to pay attention to the German Manufacturing PMI report. The data is expected to be better than the previous one and can positively affect the euro.

Our recommendations

EUR/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 1.1310 and 1.1396. The important level that prevents the fall is located at 1.1270. 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 level that prevents the rise is located at 110.19. The important level that prevents the fall is located at 109.26. 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 decrease. The important levels that prevent the rise are located at 1252 and 1269. The important level that prevents the fall is located at 1243. 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.