Daily market review for 26.11.2015

EUR/USD trades in a narrow range, but keeps perspectives for a further growth. Many investors are intended to increase sales and focus on 1.04. Some positive data for the Eurozone could affect the pair to rise further. Today is the Thanksgiving day in the USA, therefore there will be no price fluctuations in the US dollar's value. GBP/USD, just like EUR/USD, trades in a narrow range. USD/JPY trades negatively, and has tendencies for a further fall. Gold trades positively and has perspectives for a further increase in value.

Market news

Only secondary data for the Eurozone will be published today. No economic news for the UK will be released. Today is the official holiday in the USA, that's why no statistics are going to be published. As regards to the Eurozone, the GDP report for Spain will be released, the results are expected to remain on the same level. We also recommend traders to pay attention to the GfK German Consumer Climate, the data is expected to be worse than the previous one and can have a negative impact on the euro.

Our recommendations

EUR/USD 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 1.0689 and 1.0641. The important level that prevents the fall is located at 1.0566. 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 increase. The important level that prevents the rise is located at 1.5136. The important levels that prevent the fall are located at 1.5082 and 1.5057. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.7282 and 0.7260. The important level that prevents the fall is located at 0.7217. 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 levels that prevent the rise are located at 122.95 and 122.78. The important level that prevents the fall is located at 122.28. 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 levels that prevent the rise are located at 1.0259 and 1.0239. The important level that prevents the fall is located at 1.0144. 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 levels that prevent the rise are located at 66.01 and 65.86. The important level that prevents the fall is located at 65.20. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1079. The important levels that prevent the fall are located at 1069 and 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