Fibonacci Retracements Analysis 30.01.2015 (EUR/USD, AUD/USD)


Analysis for January 30th, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from correctional retracement 50%, the market is trying to resume moving downwards. Possibly, the price may reach a new local minimum during Friday. The main target is the group of fibo-levels near 1.10.

At the H1 chart, the predicted target of this correction was confirmed by local retracements. Probably, in the nearest future, the current short-term correction may finish and the pair will continue moving towards its predicted targets.

AUD USD, “Australian Dollar vs US Dollar”

The market continues falling quite fast. The main target is the group of lower fibo-levels at 0.7680. If the market rebounds from this area, the price may start a more serious pullback upwards.

At the H1 chart, the predicted targets are confirmed by local retracements. In the near term, the current correction may yet continue, but as soon as the market starts falling again, I’m planning to move the stop loss on my orders to the new maximum.

RoboForex Analytical Department


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.