Fibonacci Retracements Analysis 15.02.2018 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has been corrected by 76.0% and right now is starting a new ascending impulse towards new highs. The closest upside targets are the retracements of 61.8% and 76.0% at 0.7990 and 0.8045 respectively. After reaching and breaking the high at 0.8135, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.8277 and 0.8366 respectively.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, AUDUSD is steadily trading upwards to reach the retracements of 61.8% and 76.0% at 0.7990 and 0.8045 respectively. The current movement is supported by 0.7829.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the ascending correction has reached the retracement of 61.8% and right now USDCAD is trying to start a new descending impulse for a new long-term downtrend. The closest targets of this downtrend may be the retracements of 61.8% and 76.0% at 1.2415 and 1.2352 respectively. After breaking the low at 1.2248, the instrument may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2082 and 1.1979 respectively. However, if the price breaks the high at 1.2663, the pair may grow towards the retracement of 76.0% at 1.2920.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the downtrend is moving towards retracements of 61.8% and 76.0% at 1.2415 and 1.2352 respectively.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department