Analysis for February 15th, 2016
EURUSD, “Euro vs US Dollar”
Being under pressure, Eurodollar is falling. We think, today the price may reach 1.1150 and then return to 1/1250. After that, the market may continue falling inside the downtrend. The next target is at 1.0900.
GBPUSD, “Great Britain Pound vs US Dollar”
Being under pressure, Pound is growing. We think, today the price may reach 1.4700 and then start a correction to return to 1.4385.
USDCHF, “US Dollar vs Swiss Franc”
Being under pressure, Franc is growing. We think, today the price may reach 0.9860 and then fall towards 0.9750.
USDJPY, “US Dollar vs Japanese Yen”
Being under pressure, Yen is growing as well. We think, today the price may reach 115.50 and then return to 113.15.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is moving upwards. We think, today the price may reach 0.7188 and then start falling towards 0.7080.
USDRUB, “US Dollar vs Russian Ruble”
Russian Ruble is falling towards 76. We think, today the price may reach this level and start forming the fifth structure of the flag pattern with the target at 81. Later, in our opinion, the market may start falling towards 69.
XAUUSD, “Gold vs US Dollar”
Due to the President’s Day in the USA, Gold isn’t trading today. Tomorrow, after the market opening, the price is expected to continue falling inside the downtrend with the target at 1117.
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Editors’ Picks
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GBP/USD returns to 1.2500 area in volatile session
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Gold holds around $2,330 after dismal US data
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After the US close, it’s the Tokyo CPI
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