Daily market review for 31.03.2016

EUR/USD has started to gradually increase in value. The pair trades near the 113 mark and keeps tendencies for a further growth. USD/JPY continues to decline and currently trades near the 112 level. It has tendencies for a further fall. Gold's value is gradually growing. The asset's price has stopped at 1228. It has perspectives for a further increase.

Market news

Only some important statistics for the Eurozone will be published today. The German unemployment change and the Consumer price index reports will be released. The forecasts for both reports are positive and can impact the euro's value.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1342 and 1.1366. The important level that prevents the fall is located at 1.1302. 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 112.68. The important level that prevents the fall is located at 112.16. 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 1235 and 1243. The important level that prevents the fall is located at 1222. 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.