Analysis for February 9th, 2016
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.
EUR USD, “Euro vs US Dollar”
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.
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.
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.
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.
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.
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.
RoboForex Analytical Department
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