Daily market review for 11.02.2016

EUR/USD trades positively and still locates near the 1.13 mark with perspectives for a further rise. GBP/USD trades negatively, and has tendencies for a further decline. USD/JPY is actively decreasing in value. The pair has reached the 112 level and still continues to fall. Gold has formed a new two-month high by reaching the 1214 mark. The asset continues to trade near its maximum values, and currently locates near the 1208 level. There might be a further increase, which gives traders a great chance to make good profit.

Market news

As to the Eurozone and the UK, there will be only some secondary economic reports, which won't strongly affect the market. As to the USA, the Fed's chairman Yellen will perform a speech, which can cause some fluctuations in the pairs' values.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1320. The important levels that prevent the fall are located at 1.1265 and 1.1162. 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 1.4580. The important levels that prevent the fall are located at 1.4497 and 1.4442. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.7153. The important level that prevents the fall is located at 0.7067. 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 113.59 and 115.18. The important level that prevents the fall is located at 112.28. 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 down, which show a further decrease. The important levels that prevent the rise are located at 0.9742 and 0.9820. The important level that prevents the fall is located at 0.9703. 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 levels that prevent the rise are located at 79.14 and 79.68. The important level that prevents the fall is located at 77.59. 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 horizontally, but there might be a further increase. The important level that prevents the rise is located at 1214. The important levels that prevent the fall are located at 1195 and 1181. 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.