LiteForex - Analytics


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    USD/CAD: Fibonacci analysis on 11.02.2016

    The price is likely to continue growing.

    On the 4-hour chart, the price broke out the descending 50.0% fan line along which it might start falling towards 1.3900 (23.6% correction), 1.3790 and 1.3675. A likelier scenario is further growth to 1.4045 (38.2% correction), to the crossover with the 61.8% fan line in the area of 1.4100 and to the level of 1.4155 (50.0% correction).

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