Daily market review for 22.03.2016

According to the price charts, all the three assets have started to form an upward trend. EUR/USD trades positively near the 1.12 level and keeps perspectives for a further growth. USD/JPY trades positively and still locates near the 112 mark. Gold has started to gradually increase in value after its prolonged fall. Gold's price has stopped at 1246 and has tendencies for a further rise. Traders have a great chance to make good profit.

Market news

Only some important statistics for the Eurozone will be published today. We recommend to pay attention to the German Manufacturing PMI report and the lFO Business Climate index. The forecasts for both reports are positive and can influence the euro's value.

Our recommendations

EUR/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.1260 and 1.1285. The important level that prevents the fall is located at 1.1230. 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 112.21. The important levels that prevent the fall are located at 111.84 and 111.42. 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 level that prevents the rise is located at 1248. The important level that prevents the fall is located at 1241. 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.