UKOIL bounced off 54.12 where it could potentially rise further to 55.19
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Price is approaching our first support, in line with our horizontal pullback support, 61.8% Fibonacci retracement and 127.2% Fibonacci extension. We could see a potential bounce and further rise up to our first resistance at 1959.21. 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 ascending trend line and we could see a further push up to test our first resistance target at 3.800.
USDCAD is facing bearish pressure from 1st resistance level, in line with our horizontal overlap resistance, 61.8% fib extension and 61.8% fib retracement, where we could see a further drop below this level if price breaks below. EMA(55) shows signs of bearish pressure, in line with our bearish bias.
UKOIL bounced off 53.28 where it could potentially rise further to 55.02
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
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.
USDCAD is facing bearish pressure from 1st resistance level, in line with our horizontal swing high resistance and 38.2% fib retracement, where we could see a further drop below this level if price breaks below. Stochastics shows signs of bearish pressure, in line with our bearish bias.
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
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 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.
