Daily market review for 21.03.2016

EUR/USD trades negatively and locates near the 1.12 level. The asset has perspectives for a further fall. USD/JPY continues to move along the upward trend and currently trades near the 111.52 mark. There might be a further growth. Gold is actively decreasing in value. The asset's price has stopped at 1246 and keeps tendencies for a further decline. Traders have a great chance to make good profit.

Market news

Only some important US statistics will be published today. We recommend to pay attention to the Existing home sales report. The data is expected to be worse than the previous one and can negatively affect the American dollar.

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 1.1307. The important levels that prevent the fall are located at 1.1285 and 1.1263. 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 111.76. The important level that prevents the fall is located at 111.22. 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 1258. The important level that prevents the fall is located at 1244. 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