Daily market review for 24.02.2016

EUR/USD continues to trade negatively and locate near the 1.10 level. The pair has tendencies for a further decline. GBP/USD, just like EUR/USD, trades negatively. The pair has shown the sharp fall and reached the 1.39 mark. The US economic reports might have an impact on the price chart’s further move during the day. USD/JPY fell down to the 111 level, but now has started to gradually grow. There might be some positive tendencies. Gold has reached the 1232 mark, but afterwards had slightly decreased in value. The asset's price has currently stopped at 1225. There might be a further fall, which gives traders a great chance to make profit.

Market news

Only some important statistics for the USA are expected today. The New home sales report and the Crude oil inventories data will be released, which can influence the further value of the American dollar.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 1.1027 and 1.1053. The important level that prevents the fall is located at 1.0990. 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 1.4034 and 1.4154. The important level that prevents the fall is located at 1.3965. 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 levels that prevent the rise are located at 0.7220 and 0.7258. The important level that prevents the fall is located at 0.7166. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 112.42. The important level that prevents the fall is located at 111.64. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 0.9967. The important level that prevents the fall is located at 0.9895. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 76.48. The important levels that prevent the fall are located at 75.89 and 74.92. 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 1232. The important levels that prevent the fall are located at 1220 and 1214. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

he 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.
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