Daily market review for 10.03.2016

EUR/USD trades negatively and continues to locate near the 1.09 level. A slight trend reversal is currently seen, therefore there might be a further increase. GBP/USD trades positively after its sharp fall. The pair is still located near the 1.42 mark. USD/JPY has succeeded to reach the 113 mark. Now USD/JPY trades positively, nevertheless the price chart has started to gradually change its direction. Gold continues to actively increase in value. The asset's price chart has stopped at 1247. It has tendencies for a further decline, which gives a great chance to make profit.

Market news

Only some important statistics for the Eurozone are expected today. The Interest rate decision will be announced today and will define the further value of the euro. We recommend traders to follow the pairs' price charts at the time of economic releases. There might be various short-term and long-term trends.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.0993 and 1.1035. The important level that prevents the fall is located at 1.0946. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1.4216 and 1.4239. The important level that prevents the fall is located at 1.4188. 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 0.7527. The important level that prevents the fall is located at 0.7461. 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 horizontally, but there might be a further decrease. The important level that prevents the rise is located at 113.80. The important levels that prevent the fall are located at 113.15 and 112.23. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 0.9989 and 1.0030. The important level that prevents the fall is located at 0.9940. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 71.86 and 72.61. The important level that prevents the fall is located at 70.69. 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 1260. The important level that prevents the fall is located at 1242. 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.