Daily market review for 23.11.2015

EUR/USD trades negatively and has perspectives for a further decline. Many investors continue to increase sales and focus on 1.04. In order to increase further some negative data for the Eurozone is needed. GBP/USD, just like EUR/USD, trades negatively. The pair keeps tendencies for a further fall. Most investors are still intended to sell the asset. USD/JPY trades positively and has perspectives for a further rise. Gold trades negatively and has perspectives for a further fall.

Market news

Important statistics for the Eurozone and the USA are expected today. No important data for the UK will be published today. As to the Eurozone, we recommend to pay attention to the Manufacturing PMI report, the data is expected to be worse than the previous one and can negatively affect the euro. As to the USA, we recommend to pay attention to the Existing Home Sales report, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0650 and 1.0727. The important level that prevents the fall is located at 1.0599. 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 1.5201 and 1.5254. The important level that prevents the fall is located at 1.5156. 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 decrease. The important levels that prevent the rise are located at 0.7183 and 0.7243. The important level that prevents the fall is located at 0.7158. 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 increase. The important level that prevents the rise is located at 123.26. The important levels that prevent the fall are located at 123.14 and 122.79. 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 level that prevents the rise is located at 1.0216. The important levels that prevent the fall are located at 1.0180 and 1.0134. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 65.25. The important levels that prevent the fall are located at 64.49 and 64.08. 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 1079 and 1088. The important level that prevents the fall is located at 1067. 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.