Daily market review for 08.02.2016

EUR/USD still trades negatively and locates near the 1.11 mark. The pair has perspectives for a further decline, but there might be a trend reversal. GBP/USD trades positively and keeps tendencies for a further growth. During the day the assets' values will mostly depend on traders' activity. USD/JPY has started to trade positively and has reached the 117 level with perspectives for a further rise. Gold has again renewed its two-month high by reaching the 1174 mark. Now the asset trades in a narrow range, but locates near its maximum values at 1165, and there might be a further increase.

Market news

There will be no important statistics for the Eurozone, the UK and the USA. There might be only some short-term negative or positive trends.

Our recommendations

EUR/USD trades negatively. Moving averages stay horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.1166 and 1.1220. The important level that prevents the fall is located at 1.1109. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important levels that prevent the rise are located at 1.4522 and 1.4573. The important level that prevents the fall is located at 1.4452. 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 0.7103 and 0.7202. The important level that prevents the fall is located at 0.7064. 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 117.49. The important levels that prevent the fall are located at 116.83 and 116.41. 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 0.9942 and 0.9985. The important level that prevents the fall is located at 0.9894. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUB trades negatively. Moving averages stay down, which show a further decrease. The important level that prevents the rise is located at 77.69. The important levels that prevent the fall are located at 76.77 and 76.30. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD 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 1174. The important levels that prevent the fall are located at 1155 and 1144. 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.