Daily market review for 30.03.2016

EUR/USD has reached the 1.13 level, but currently trades in a narrow range. The pair has tendencies for a further growth. USD/JPY trades negatively near the 112 level. There might be a further fall. Gold continues to decrease in value, despite the asset succeeded earlier to reach the 1242 mark. Gold's value has currently stopped at 1236. The asset has perspectives for a further decline.

Market news

Only some important statistics for the USA will be published today. The ADP Non-farm employment change and the Crude oil inventories data will be released. The forecasts for both reports are negative and can impact the American dollar's value.

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 1.1303. The important levels that prevent the fall are located at 1.1272 and 1.1179. 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 imporant levels that prevent the rise are located at 112.80 and 113.46. The important level that prevents the fall is located at 112.40. 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 1242. The important levels that prevent the fall are located at 1233 and 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.