Daily market review for 04.03.2016

EUR/USD trades positively and keeps perspectives for a further growth. The pair has succeeded to reach the 1.09 level. GBP/USD trades negatively and still locates near the 1.41 mark with tendencies for a further decline. USD/JPY's has fallen down to 113. Now the pair trades positively, therefore there might be a further increase. Gold has formed a new high at 1267. The asset's price is currently located near its maximum values and keeps tendencies for a further rise. Traders will have a great chance to make profit on the asset's further move.

Market news

Only several important reports for the USA will be published today. We recommend to pay attention to the Nonfarm payrolls and the Unemployment rate. The data might strongly affect the American dollar.

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 1.0973. The important levels that prevent the fall are located at 1.0935 and 1.0864. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important level that prevents the rise is located at 1.4194. The important levels that prevent the fall are located at 1.4124 and 1.4045. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.7375. The important levels that prevent the fall are located at 0.7339 and 0.7299. 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 114.06. The important level that prevents the fall is located at 113.24. 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 down, which show a further decrease. The important levels that prevent the rise are located at 0.9936 and 0.9982. The important level that prevents the fall is located at 0.9892. 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 down, which show a further decrease. The important levels that prevent the rise are located at 73.42 and 74.02. The important level that prevents the fall is located at 72.73. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1267. The important levels that prevent the fall are located at 1255 and 1239. 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.