USDCAD is facing bearish pressure from its 1st resistance at 1.2713, in line with 61.8% fib retracement and 78.6% fib retracement. We could see a further drop below this level towards 1st support where the horizontal pullback support is.Trendline is also suggesting that price could drop further.
Copper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our intermediate support, in line with our horizontal swing low support, 38.2% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Price is facing bullish pressure from our first support where we could see a further push up to test our resistance target. Stochastic is approaching support as well, in line with our bullish bias. That said, we caution the limited upside as prices are facing bearish pressure as well, from our descending trend line.
UKOIL reversed off its resistance at 63.42 where it could potentially drop further to 62.06.
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Losses can exceed the initial investment so please ensure you fully
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UKOIL bounced off 64.52 where it could potentially rise further to 65.49
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
USDCAD is facing bearish pressure from its 1st resistance at 1.2727, in line with78% fib retracement and 50% fib retracement. We could see a further drop below this level towards 1st support where the horizontal pullback support is.Trendline is also suggesting that price could drop further.
Copper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 23.6% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure...
Price is facing bullish pressure from our first support where we could see a further push up to test our resistance target. Stochastic is approaching support as well, in line with our bullish bias. That said, we caution the limited upside as prices are facing bearish pressure as well, from our descending trend line.
Neutral Outlook for UKOIL as technical indicators are mixed.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure from our first support where we could see a further push up to test our resistance target. Stochastic is approaching support as well, in line with our bullish bias.
Price is facing bullish pressure from our first support in line with our 61.8% fibonacci retracement where we could see a further push up to test our resistance target. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
UKOIL reversed off its resistance at 63.74 where it could potentially drop further to 62.81.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD is facing bearish pressure from its downside confirmation at 1.2671, in line with EW structure where wave 3 ends. We could see a further drop below this level towards 1st support where 100% fib extension is.EMA is also suggesting that price could drop further.
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
