Daily market review for 18.03.2016

EUR/USD has reached the 1.13 mark, but now has started to gradually decrease in value. It has perspectives for a further fall. There might be some short-term trends during the day. USD/JPY has fallen down to 110, but now is showing a growth. It has positive tendencies. Gold has reached the 1270 level, and now trades near its maximum values at 1263. There might be a further increase.

Market news

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

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important level, that prevents the rise is located at 1.1343. The important level that prevents the fall is located at 1.1279. 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 imporant level that prevents the rise is located at 111.99. The important level that prevents the fall is located at 110.67. 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 levels that prevent the rise are located at 1266 and 1270. The important level that prevents the fall is located at 1255. 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