Daily market review for 23.03.2016

EUR/USD trades negatively, but still locates near the 1.12 level. There might be a further decline. USD/JPY trades positively near the 112 mark. The pair has pespectives for a further growth. Gold continues to decrease in value. The asset's price has stopped at 1234 and keeps tendencies for a further fall. Nevertheless, there might be a trend reversal during the day. We recommend traders to pay a lot of attention to the price chart's next move.

Market news

Only some important statistics for the USA will be published today. We recommend to pay attention to the New home sales and the Crude oil inventories reports. The forecasts are positive and can influence the USD's value.

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 1.1239. The important level that prevents the fall is located at 1.1196. 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 112.49. The important levels that prevent the fall are located at 112.14 and 111.54. 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 levels that prevent the rise are located at 1249 and 1256. The important level that prevents the fall is located at 1231. 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.