Daily market review for 14.03.2016

EUR/USD continues to trade near the 1.11 level. The pair is located in the upward trend and keeps perspectives for a further growth. USD/JPY trades negatively near the 113 mark. Nevertheless, the pair's price chart is already showing a slight trend reversal, therefore there might be a further increase. Gold trades near its lows, but has started to gradually increase in value. Now the asset's price has stopped at 1255. It has tendencies for a further rise, therefore we recommend traders to pay a lot of attention to the price chart's next move.

Market news

As to the Eurozone, the UK and the USA, only some secondary data will be released, which won't strongly affect the pairs' values.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1193. The important levels that prevent the fall are located at 1.1145 and 1.1079. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 114.01. The important level that prevents the fall is located at 113.34. 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 1259 and 1269. The important level that prevents the fall is located at 1247. 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.