Daily market review for 27.04.2016

EUR/USD trades negatively near the 1.13 level. The pair has perspectives for a further fall. USD/JPY continues to decrease in value, but still trades near the 111 mark. Gold trades positively. The asset's price has stopped at 1243. There might be a further increase. Depending on the US economic data the price chart might change its direction, which gives a great chance to make profit.

Market news

The fundamental US data will be published today. The Interest rate decision will be announced and will define the further value of the American dollar. Some strong fluctuations are expected.

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 1.1312 and 1.1340. The important level that prevents the fall is located at 1.1280. 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 111.24 and 111.47. The important level that prevents the fall is located at 110.87. 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 1246. The important levels that prevent the fall are located at 1239 and 1231. 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.