Daily market review for 22.04.2015

EUR/USD remains under selling pressure. The value will most probably go down, than up. Many investors continue to increase sales and focus on the 1.03 key level. A news driver is needed in order to perform a further decline. GBP/USD trades in a narrow range and has perspectives for a further decrease in value. In order to fall further some negative data for the UK is necessary. USD/JPY trades negatively and has perspectives for a further fall. Gold trades positively and has perspectives for a further growth.

Market news

Important statistics for the UK and the USA are expected today. As regards to the UK, we recommend to pay attention to the Monetary Policy Meeting Minutes. No important news for the Eurozone will be released today. As to the USA, the Existing Home sales report will be published, the forecast is positive and can influence the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.0747 and 1.0779. The important level that prevents the fall is located at 1.0715. 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 1.4950 and 1.4972. The important level that prevents the fall is located at 1.4912. 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 up, which show a further increase. The important level that prevents the rise is located at 0.7776. The important levels that prevent the fall are located at 0.7751 and 0.7704. 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 119.56 and 119.77. The important level that prevents the fall is located at 119.30. 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 levels that prevent the rise are located at 0.9560 and 0.9624. 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 52.94 and 53.66. The important level that prevents the fall is located at 51.66. 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 1204. The important levels that prevent the fall are located at 1199 and 1195. 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.