Price is approaching our first support, in line with our 23.6% Fibonacci retracement and 100% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1962.84. It is worth noting that the price is still holding above the Ichimoku cloud in line with our bullish bias.
Price is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
UKOIL reversed off its resistance at 51.46 where it could potentially drop further to 50.54
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USDCAD is facing bearish pressure from downside confirmation level, in line with our horizontal swing low support, where we could see a further drop below this level if price breaks below. 34 EMA shows signs of bearish pressure, in line with our bearish bias.
Price is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Price is approaching our first support, in line with our 23.6% Fibonacci retracement and 61.8% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1938.74. It is worth noting that the price is still holding above the Ichimoku cloud in line with our bullish bias.
UKOIL bounced off 51.90 where it could potentially rise further to 52.46
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Price is facing bearish pressure from our first resistance where a potential drop towards our first support target could be expected. Also, price is trending under a descending trendline, and the MACD is showing bearish pressure in line with our analysis.
Price is approaching our first support at 1885.54, in line with our 50% Fibonacci retracement and 161.8% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1900.31. It is worth noting that the price is still holding above the Ichimoku cloud in line with our bullish bias.
Trading CFDs on margin carries high...
Price is facing bullish pressure from our first support in line with our trend line, where we could see a bounce above this level. Ichiomku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
USDCAD is facing bearish pressure from our first resistance level, in line with our horizontal overlap resistance, 23.6% fibonacci retracement where we could see a further drop below this level. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well in line with our bearish bias.
Price is facing bullish pressure from our first support where a potential rise towards our first resistance target could be expected. Also, price has recently broke out of a descending trendline and is showing bullish momentum on the ascending trendline
Price is testing our ascending trendline and could possibly rise from here. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target at 1965.57. It is worth noting that the price is still holding above EMA (50) and the Ichimoku cloud in line with our bullish bias.
Trading CFDs on margin carries high...
USDCAD is approaching our support level at 1.27845 in line with our 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support, where we could see a potential bounce towards our first resistance target. Stochastic is approaching support as well where we could see a bounce above this level as well.
UKOIL reversed off its resistance at 51.42 where it could potentially drop further to 51.00.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD is approaching our support level at 1.27909 in line with our 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support, where we could see a potential bounce towards our first resistance target. Stochastic is approaching support as well where we could see a bounce above this level.
Price is facing bullish pressure from our first support where a potential rise towards our first resistance target could be expected. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
USDCAD is approaching our support level at 1.2779 in line with our 61.8% fibonacci retracement and horizontal pullback support , where we could see a potential bounce towards our first resistance target if price approaches this key level. Stochastics is also signaling that there’s more room for upside!
