USDCAD dropped nicely from our 1st resistance and might go below the downside confirmation where the 38.2% fib retracement is. Price could drop further from downside confirmation towards 1st support if it manages to close below downside confirmation. EMA is also showing that more bearishness is likely to come.
UKOIL reversed off its resistance at 41.81 where it could potentially drop further to 41.50.
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UKOIL reversed off its resistance at 42.08 where it could potentially drop further to 41.71.
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USDCAD dropped nicely from our 2nd resistance and might go up to retest the 1st resistance where the 61.8% fib retracement is. Price could reverse from 1st resistance towards 1st support where the 100% fib extension is. EMA is also showing that more bearishness is to come.
Price is facing bearish pressure from our first resistance, in line with our 50% fibonacci retracement, horizontal pullback resistance and 127.2% fibonacci extension where we could see a reversal below this level. Our 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well.
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Losses can exceed the...
Price is facing bearish pressure from our first resistance, in line with our 50% fibonacci retracement, horizontal pullback resistance and 127.2% fibonacci extension where we could see a reversal below this level. Our 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the...
Price is facing bearish pressure from our first resistance, in line with our 100% fibonacci extension , 23.6% fibonacci retracement and horizontal pullback resistance where we could see a further drop below this level. Ichiomku cloud and 20 period EMA are showing signs of bearish pressure as well.
Price is facing bullish pressure from our first resistance where we could see a reversal below this level to our first support level.
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UKOIL reversed off its resistance at 41.54 where it could potentially drop further to 40 .94.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD went up to test our upside confirmation at 1.3395 where the horizontal swing high is. Price could bounce further towards 1st resistance where the -61.8% fib retracement is if price breaks above the upside confirmation. The trendline is also showing support.
USDCAD went up to test our 1st resistance at 1.3346 where the horizontal swing high is. Price could reverse from current level towards 1st support where the horizontal swing low s. Take caution that EMA indicates that further upside could come.
Price is approaching our first support, in line with our horizontal swing low support and 50% fibonacci retracement where we could see a bounce above this level. Stochastic is approaching support where we could see a bounce above this level.
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Price is facing bullish pressure from our first support in line with our ascending trend line, horizontal swing low support, 127.2%, 61.8% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
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Losses can...
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 ascending trend line, horizontal swing low support, 1.272% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed...
Price is facing bearish pressure from our first resistance level, in line with our horizontal pullback resistance, 61.8% fibonacci retracement where we could see a further drop below this level. The Ichimoku cloud and 20 period EMA are showing signs of bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so...
USDCAD went up to test our upside confirmation at 1.3317 where the 161.8% fib retracement is. Price could bounce further from current level towards 1st resistance where the 200% fib retracement is. EMA also indicates that further upside could come.
UKOIL reversed off its resistance at 41.80 where it could potentially drop further to 41.05.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
