Fibonacci analysis for AUDUSD and USDCAD as of 31.10.2019

analiz po fibonachchi dlya audusd i usdcad na 31 10 2019 1

Fibonacci analysis for AUDUSD and USDCAD as of 31.10.2019

31.10.2019

AUDUSD

4-hour chart of the AUDUSD pair shows the continuation of the upward trend after a short-term rollback. To date, quotes have surpassed 38.2% on the Fibonacci scale. The following growth targets are set at 50.0% (0.6983) and 61.8% (0.7056). We should also pay attention to the formation of divergence on the MACD, which may indicate the possibility of decline after the approach to the nearest target level.

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

On the 1-hour chart of the AUDUSD pair we can see that due to the fast growth impulse the quotes entered the range of post-correction expansion of 138.2-161.8% Fibonacci (0.6911-0.6929). In the short term, a rollback can be expected, but there will be a recovery towards medium-term goals. Support is at 0.6809.

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

USDCAD

On the 4-hour timeframe of the USDCAD pair we see how the market corrected the last wave of decline with a fast growth impulse. The rise has reached the level of 50.0% on the Fibonacci scale, but now the quotes are falling backwards. Another growth impulse to the levels of 61.8% (1.3230) and 76.0% (1.3273) is not excluded. A breakdown of support at 1.3042 will open the way to a long-term low of 1.3015.

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

On the 1-hour USDCAD chart we can see the quotes roll back to 38.2% Fibonacci after a rapid rise.

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

Анализ по Фибоначчи для AUDUSD и USDCAD на 31.10.2019

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