Daily market review for 29.04.2016

All the three assets have formed very clear trends due to the USD’s weakening. EUR/USD continues to increase in value. The pair has almost succeeded to reach the 1.14 level. USD/JPY has fallen down to its 3-month low and still continues to decline. Gold has grown up to the 1280 mark. The asset's price has stopped at 1275. It has tendencies for a further rise.

Market news

Only some important data for the Eurozone will be published today. We recommend to pay attention to the Consumer price index. The data is expected to be worse than the previous one and can negatively affect the euro.

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 1.1396. The important levels that prevent the fall are located at 1.1349 and 1.1310. 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 level that prevents the rise is located at 108.72. The important level that prevents the fall is located at 107.09. 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 level that prevents the rise is located at 1280. The important levels that prevent the fall are located at 1264 and 1252. 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.