Daily market review for 26.02.2016

EUR/USD trades negatively, but still locates near the 1.10 level. The pair has tendencies for a further decline. GBP/USD has succeeded to reach the 1.40 mark, but afterwards the price chart fell down to 1.39 with perspectives for a further fall. USD/JPY continues to trade near the 112 level, and has perspectives for a further growth. Gold keeps increasing in value and locates near its maximum values. The asset's price has stopped at 1238. It has tendencies for a further rise, but there might be a trend reversal at the time of the US economic releases.

Market news

Only important statistics for the USA are expected today. The GDP report for the 4th quarter will be released. The data is expected to be worse than the previous one and can negatively affect the American dollar.

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 1.1068. The important levels that prevent the fall are located at 1.1016 and 1.0987. 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 level that prevents the rise is located at 1.4013. The important levels that prevent the fall are located at 1.3954 and 1.3900. 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 level that prevents the rise is located at 0.7255. The important levels that prevent the fall are located at 0.7189 and 0.7161. 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 113.22. The important levels that prevent the fall are located at 112.54 and 111.98. 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 levels that prevent the rise are located at 0.9908 and 0.9952. The important level that prevents the fall is located at 0.9871. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

 

USD/RUB 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 76.62. The important level that prevents the fall is located at 75.14. 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 1242. The important levels that prevent the fall are located at 1232 and 1225. 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.