Daily market review for 27.05.2016

EUR/USD trades in a narrow range near the 1.11 mark. The price chart's further move is indefinite. USD/JPY trades positively, but still locates near the 109 level. The pair has tendencies for a further growth. Gold has started to gradually increase in value after its prolonged decline. The asset's price has stopped at 1218.

Market news

Only the US reports will be published today. We recommend to pay attention to GDP data for the 1st quarter. Later the Fed Chair Yellen will perform a speech, which may also cause strong fluctuations.

Our recommendations

EUR/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 1.1217. The important level that prevents the fall is located at 1.1169. 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 levels that prevent the rise are located at 110.00 and 110.21. The important level that prevents the fall is located at 109.53. 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 up, which show a further increase. The important levels that prevent the rise are located at 1222 and 1231. The important level that prevents the fall is located at 1211. 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.