Daily market review for 09.02.2016

EUR/USD has succeeded to reach the 1.12 level. The pair trades positively and keeps tendencies for a further growth. GBP/USD traded in a narrow range, but now has started to gradually decrease in value with tendencies for a further decline. The pairs' values still depend on traders' activity. USD/JPY fell to the 114 mark, but now has started to grow. Gold has beat one more record in renewing its two-month high. The asset has succeded to reach the 1200 level. Now it trades in a narrow range, but still locates near its maximum values at 1192. 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 positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1238. The important levels that prevent the fall are located at 1.1157 and 1.1087. 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 horizontally, but there might be a further decrease. The important levels that prevent the rise are located at 1.4440 and 1.4547. The important level that prevents the fall is located at 1.4352. 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 0.7096 and 0.7129. The important level that prevents the fall is located at 0.7018. 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 levels that prevent the rise are located at 115.86 and 117.53. The important level that prevents the fall is located at 114.22. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF 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 0.9909 and 0.9973. The important level that prevents the fall is located at 0.9823. 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 79.09. The important levels that prevent the fall are located at 77.75 and 76.32. 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 1200. The important levels that prevent the fall are located at 1188 and 1171. 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.