Daily market review for 22.02.2016

EUR/USD trades negatively, but there might be a trend reversal on background of the economic news for the Eurozone. The pair continues to locate near the 1.11 level. GBP/USD traded in a narrow range, but now is actively decreasing in value. The asset has perspectives for a further decline. USD/JPY trades positively near the 113 level and keeps tendencies for a further growth. Gold showed a sharp reduction by falling from the 1230 level down to 1214. The asset's price has currently stopped at 1216. The price chart may change its direction, which gives traders a great chance to make profit.

Market news

Important statistics for the Eurozone are expected today. As to the UK and the USA, there will be only some secondary data, which won’t strongly affect the market. As to the Eurozone, we recommend to pay attention to the German Manufacturing PMI report. The data is expected to be worse than the previous one and can negatively influence the euro.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1139. The important levels that prevent the fall are located at 1.1104 and 1.1067. 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 down, which show a further decrease. The important levels that prevent the rise are located at 1.4307 and 1.4408. The important level that prevents the fall is located at 1.4209. 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 0.7178. The important levels that prevent the fall are located at 0.7135 and 0.7068. 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 increase. The important level that prevents the rise is located at 113.22. The important level that prevents the fall is located at 112.31. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 0.9920 and 0.9967. The important level that prevents the fall is located at 0.9888. 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 level that prevents the rise is located at 77.83. The important level that prevents the fall is located at 75.97. 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 horizontally, but there might be a further increase. The important levels that prevent the rise are located at 1225 and 1234. The important level that prevents the fall is located at 1214. 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