Daily market review for 24.03.2016

EUR/USD continues to trade negatively near the 1.11 level. There might be a further decline. USD/JPY trades positively near the 112 mark. The pair has tendencies for a further growth. Gold has fallen down to the 1214 level, but currently trades in a narrow range. The price chart's further move is indefinite. Some new trends might occur after the US economic releases.

Market news

Only some important statistics for the USA will be published today. We recommend to pay attention to the Core durable goods orders report. The data is expected to be worse than the previous one and can negatively affect the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.1186 and 1.1201. The important level that prevents the fall is located at 1.1160. 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 level that prevents the rise is located at 112.91. The important levels that prevent the fall are located at 112.66 and 112.30. 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 1224 and 1234. The important level that prevents the fall is located at 1214. 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.