Analysis for February 9th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar continues consolidating at the top of its ascending structure. We think, today the price may grow to reach new highs at 1.1300, thus completing this ascending wave. After that, the market may continue falling inside the downtrend.

EURUSD


GBP USD, “Great Britain Pound vs US Dollar”

Pound has reached the target of the correction. We think, today the price may grow towards 1.4727. Later, in our opinion, the market may return to 1.4385.

GBPUSD


USD CHF, “US Dollar vs Swiss Franc”

Franc has expanded its consolidation channel downwards. Possibly, the price may fall towards 0.9720. Later, in our opinion, the market may return to 1.0130.

USDCHF


USD JPY, “US Dollar vs Japanese Yen”

Yen has reached the target of its descending wave. Possibly, the price may extend it towards 113.00, thus completing this wave. After that, the market may form a new correction to return to 120.70.

USDJPY


AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is falling with the target at 0.6940. After reaching it, the price is expected to return to 0.7100 and then continue falling inside the downtrend towards 0.6660.

AUDUSD


USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble is moving upwards. In fact, the price is still being corrected towards 80.00. Later, in our opinion, the market may start falling to reach 70.84.

USDRUB


XAU USD, “Gold vs US Dollar”

Gold has reached the target of its ascending wave. We think, today the price may consolidate at the top, break the lows, and then fall towards 1117.

XAUUSD

Share: Feed news

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD eases below 1.0850 on renewed USD strength

EUR/USD eases below 1.0850 on renewed USD strength

EUR/USD stays under pressure and trades in the red below 1.0850 in the European session. Although the ZEW survey for Germany and the Eurozone showed a noticeable improvement in economic sentiment, broad USD strength doesn't allow the pair to gain traction.

EUR/USD News

GBP/USD drops below 1.2700 on notable US Dollar demand

GBP/USD drops below 1.2700 on notable US Dollar demand

 GBP/USD is extending the downside below 1.2700 in the European trading hours on Tuesday. The ongoing bullish momentum in the US Dollar, despite sluggish US  Treasury bond yields, undermines the pair. Mid-tier US housing data are coming up next. 

GBP/USD News

Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting

Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting

Gold price ticks lower amid reduced Fed rate cut bets, elevated US bond yields and stronger USD. Geopolitical tensions could lend some support to the safe-haven XAU/USD and help limit losses.

Gold News

Why is the crypto market crashing?

Why is the crypto market crashing?

The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms. 

Read more

Canada CPI Preview: Inflation pickup could scale back bets on early interest-rate cut

Canada CPI Preview: Inflation pickup could scale back bets on early interest-rate cut

The Canadian Consumer Price Index is expected to have risen by 3.1% YoY in February. The BoC shows no rush to lower its interest rate. The Canadian Dollar maintains its multi-day lows against the US Dollar around 1.3540.

Read more

Majors

Cryptocurrencies

Signatures