Daily market review for 23.02.2015

EUR/USD continues to trade in a narrow range. It has perspectives for a further rise, but some positive news for the Eurozone and negative data for the USA are necessary. Many investors consider to perform a short-term growth aiming the 1.15 level. GBP/USD, just like EUR/USD, trades in a narrow range and keep tendencies for a further increase in value. Some positive data for the UK is needed for such movement. USD/JPY continues to trade positively and has perspectives for a further rise. Gold trades negatively, but there might be a further fall.

Market news

Important statistics for the Eurozone and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German lfo Business Climate Index, the data is expected to be better than the previous one and can positively affect the euro. No important news for the UK will be published today. As to the USA, the Existing Home Sales report will be released, the forecast is negative and can influence the American dollar.

Our recommendations

EUR/USD 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 1.1428. The important levels that prevent the fall are located at 1.1357 and 1.1278. 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 level that prevents the rise is located at 1.5419. The important levels that prevent the fall are located at 1.5367 and 1.5343. 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 0.7840. The important levels that prevent the fall are located at 0.7817 and 0.7801. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 119.19. The important levels that prevent the fall are located at 118.88 and 118.31. 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 up, which show a further increase. The important level that prevents the rise is located at 0.9531. The important levels that prevent the fall are located at 0.9429 and 0.9372. 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 up, which show a further increase. The important level that prevents the rise is located at 63.86. The important levels that prevent the fall are located at 61.85 and 59.86. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1209. The important levels that prevent the fall are located at 1202 and 1198. 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.