Today's Trading Tips & Market Analysis - February 17, 2015

Video Length: 00:02:30

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1 – The EUR/USD pair tried to rally during the course of the day on Monday, but the 1.14 level continues to be a bit of a magnet for price. Ultimately, we feel that the 1.15 level above is massively resistive, and that there are plenty of resistance clusters above there. In other words, we only want to go short of this market, which of course means we will only buy puts.

2 – The FTSE looks as if it’s ready to pull back a little bit from here, which makes sense considering that the 6900 level has been so resistive. However, we recognize that the market should eventually break out above there and it should offer a longer-term call buying opportunity. Ultimately, we feel that the pullbacks that are coming should be well supported, and if that’s the case though should be call buying opportunities as well.

3 – The gold markets fell a little bit after trying to rally during the session on Monday, forming a shooting star. Because of that, the market will more than likely fall from here offering a bit of a put buying opportunity in the short-term. However, we feel that the 1220 level below should be rather supportive and as a result we believe that the better trade will be a supportive candle near that area in order to buy a longer-term calls. Regardless, we feel that the gold market should eventually head to the 1300 level.