Daily market review for 23.05.2016

EUR/USD trades negatively near the 1.12 level. It has perspectives for a further decline. USD/JPY locates near its minimum values, but currently trades positively. It has tendencies for a further growth. Gold trades in a narrow range. The asset's price has stopped at 1253. The price chart's further move is indefinite.

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 negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1243. The important level that prevents the fall is located at 1.1204. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 110.24 and 110.59. The important level that prevents the fall is located at 109.64. 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 1255 and 1259. 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.