Daily market review for 29.03.2016

EUR/USD is still located near the 1.11 level and gradually decreases in value. The pair has tendencies for a further decline. USD/JPY continues to trade positively. There might be a further growth. Gold's value continues to fall. The asset's price has currently stopped at 1218. With any negative tendencies the asset soon can reach its 5-week low at 1216. It has perspectives for a further decrease.

Market news

Only some important statistics for the USA will be published today. The CB Consumer Confidence report will be released. The data is expected to be better than the previous one and can positively influence the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 1.1220. The important levels that prevent the fall are located at 1.1185 and 1.1158. 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 level that prevents the rise is located at 113.74. The important levels that prevent the fall are located at 113.43 and 113.15. 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 down, which show a further decrease. The important level that prevents the rise is located at 1222. The important level that prevents the fall is located at 1216. 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.