Daily market review for 26.02.2015

EUR/USD continues to trade in a narrow range. Currently there’s no any fundamental data, which could knock the pair out of the stable trading trends. A lot of economic news is expected today and the asset possibly could leave the levels and show a further trend. GBP/USD trades positively. It has finally succeeded to strengthen higher than 1.55, which is a positive signal for buyers of the asset. Now there are new perspectives opened to further increase in value up to the 1.57 level. USD/JPY trades positively and has perspectives for a further rise. Gold trades positively and has perspectives for a further growth.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the German Unemployment Change report, the data is expected to be worse than the previous one and can negatively affect the euro. As to the UK, the GDP report will be published, the results are expected to remain on the same level. As regards to the USA, the Consumer Price Index report will be released, the forecast is positive 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 levels that prevent the rise are located at 1.1372 and 1.1387. The important level that prevents the fall is located at 1.1334. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.5550. The important levels that prevent the fall are located at 1.5518 and 1.5466. 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 increase. The important level that prevents the rise is located at 0.7899. The important levels that prevent the fall are located at 0.7844 and 0.7826. 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 119.08. The important levels that prevent the fall are located at 118.87 and 118.62. 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 down, which show a further decrease. The important level that prevents the rise is located at 0.9501. The important levels that prevent the fall are located at 0.9477 and 0.9464. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 61.93 and 63.56. The important level that prevents the fall is located at 60.26. 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 levels that prevent the rise are located at 1208 and 1213. The important level that prevents the fall is located at 1201. 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.