We caught the drop nicely previously and could see a further drop below this level. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
UKOIL bounced off 38.92 where it could potentially rise further to 40.39 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
UKOIL reversed off its resistance at 40.83 where it could potentially drop further to 40.17. 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 in line with our 23.6% fibonacci retracement descending trend line and horizontal pullback resistance where a break below our downside confirmation level could trigger a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs...
Price is facing bearish pressure from our descending trend line and a break below our downside confirmation level could see a further drop below this level. Stochastic is facing bearish pressure from our resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
USDCAD is testing our 1st support where the horizontal overlap support joins the 38.2% fib retracement. Price could bounce further from there towards 1st resistance where the horizontal swing high is. EMA is also showing signs of support.
UKOIL bounced off 40 .26 where it could potentially rise further to 41.54 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
USDCAD is testing our downside confirmation where the 61.8% fib extension joins the 38.2% fib retracement. Price could drop further from there towards 1st support where the 127% fib extension is. EMA is also showing signs of resistance
Price is facing bearish pressure from our descending trend line and a break below our downside confirmation level could see a further drop below this level. Stochastic is facing bearish pressure from our resistance as well.
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 in line with our 23.6% fibonacci retracement descending trend line and horizontal pullback resistance where a break below our downside confirmation level could trigger a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading...
USDCAD broke above the descending trendline and is approaching our 1st resistance where the 78.6% fib extension joins the 78.6% fib retracement. Price could reverse here towards 1st support where the horizontal swing low and 61.8% fib retracement are. RSI is also showing signs of resistance.
UKOIL bounced off 40 .94 where it could potentially rise further to 41.52 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Price reversed nicely below our first resistance level in line with our descending trend line. A break below our downside confirmation level could see a further drop below this level. Stochastic is facing bearish pressure from our resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
Price is facing bearish pressure from our first resistance in line with our 23.6% fibonacci retracement and horizontal pullback resistance where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial...
UKOIL reversed off its resistance at 42.56 where it could potentially drop further to 41.33. 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 where we could see a bounce above this level towards our 1st resistance at 3.1809. Ichimoku is also showing support for price.
Price is trending in a triangular squeeze in between the ascending and descending trendlines. A break below our downside confirmation level where the 76.4% fib retracement and ascending trendline are, could see a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.
USDCAD is holding below the descending trendline and might push up to retest the 78.6% fib retracement. Price could reverse here towards 1st support where the horizontal pullback support is. RSI is also showing signs of resistance.
