Daily market review for 26.01.2016

EUR/USD trades in a narrow range and still locates near the 1.08 mark. There might be a further increase, but during the day the pair's value will depend on the US economic data. GBP/USD trades negatively and has perspectives for a further decline. USD/JPY has started to trade negatively and keeps tendencies for a further fall. Gold trades positively on background of the upcoming Interest rate decision for the USA. The asset has succeeded to reach the 1115 level with perspectives for a further rise. With such pace Gold can easily form new maximum values.

Market news

As to the Eurozone, only some secondary data will be released, and will not strongly affect the market. As to the UK, the BoE's governor Carney will perform a speech, which can cause some fluctuations in the British pound's value. As to the USA, we recommend to pay attention to the CB Consumer confidence report, the data is expected to remain on the previous level and can positively influence the American dollar.

Our recommendations

EUR/USD trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.0860. The important levels that prevent the fall are located at 1.0824 and 1.0806. 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 1.4264 and 1.4309. The important level that prevents the fall is located at 1.4201. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, which show a further decrease. The important levels that prevent the rise are located at 0.6984 and 0.7023. The important level that prevents the fall is located at 0.6922. 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 down, which show a further decrease. The important levels that prevent the rise are located at 118.36 and 118.85. The important level that prevents the fall is located at 117.77. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.0140 and 1.0162. The important level that prevents the fall is located at 1.0124. 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 81.87. The important levels that prevent the fall are located at 78.73 and 76.22. 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 1115. The important levels that prevent the fall are located at 1103 and 1099. 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.