Daily market review for 28.12.2015

EUR/USD continues to locate in the upward trend. There are perspectives for a further rise, and the pair has a possibility to reach the 1.10 level. GBP/USD trades in a narrow range. Today there will be no economic news for the UK, therefore the further direction of the pair will directly depend on the USD’s value. Some new trends may occur during the day. USD/JPY trades positively and keeps tendencies for a further growth. Gold trades negatively and has perspectives for a further fall.

Market news

As to the Eurozone, only some secondary data will be published today and will not strongly affect the market. Today is the official holiday in the UK, therefore there will be no economic news. As to the USA, we recommend to pay attention to the CFTC net speculative positions reports for several commodities.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.0980. The important levels that prevent the fall are located at 1.0930 and 1.0903. 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 decrease. The important level that prevents the rise is located at 1.4945. The important levels that prevent the fall are located at 1.4908 and 1.4870. 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 level that prevents the rise is located at 0.7281. The important levels that prevent the fall are located at 0.7259 and 0.7226. 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 120.55 and 120.99. The important level that prevents the fall is located at 120.16. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.9890 and 0.9921. The important level that prevents the fall is located at 0.9853. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 70.77. The important levels that prevent the fall are located at 69.91 and 69.18. 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 increase. The important level that prevents the rise is located at 1076. The important level that prevents the fall is located at 1070. 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