Daily market review for 25.03.2016

EUR/USD continues to locate near the 1.11 level, but currently trades positively. The pair has perspectives for a further rise. USD/JPY trades negatively near the 112 mark. There might be a further decline. Gold continues to decrease in value. The asset has almost succeeded to reach its one-week low. The price has stopped at 1216, and keeps tendencies for a further fall. Some new trends might occur during the day.

Market news

Only some important statistics for the USA will be published today. The GDP report for the 4th quarter will be released. The data will have a strong impact on the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1173 and 1.1186. The important level that prevents the fall is located at 1.1150. 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 level that prevents the rise is located at 113.32. The important levels that prevent the fall are located at 112.76 and 112.37. 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 down, which show a further decrease. The important level that prevents the rise is located at 1223. The important levels that prevent the fall are located at 1216 and 1212. 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.