USDCAD is facing bullish pressure from 1st support which is also a horizontal pullback support and 61.8% fibonacci retracement. Prices might bounce to 1st resistance which coincides with horizontal swing high resistance, 61.8% fibonacci extension and 50% fibonacci extension. Stochastics is also showing that prices are taking support from the 6.79 level.
Copper prices are facing bearish pressure from our descending trend line and our first resistance where we could see a reversal below this level. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish bias.
Price is approaching our first resistance, in line with our horizontal pullback resistance level, 61.8% fibonacci retracement and 127.2% fibonacci extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
UKOIL bounced off 70.38 where it could potentially rise further to 72.46
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USDCAD is facing bearish pressure from 1st resistance at 1.27077, in line with 78.6% fib extension, 78.6% fib retracement and horizontal swing high resistance. We could see a further push towards 1st support at 1.25755 where the 61.8% fib extension and 61.8 fib retracement is. Stochastics is also showing resistance against the 83.82 level..
Copper prices are facing bearish pressure from our descending trend line and approaching our first resistance where we could see a reversal below this level. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish bias.
Price reversed nicely below our first resistance to hit our first support target. We maintain a bearish bias on gold. Price is approaching our first resistance, in line with our horizontal pullback resistance level, 61.8% fibonacci retracement and 127.2% fibonacci extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish...
UKOIL bounced off 66.59 where it could potentially rise further to 67.66
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Price is approaching our resistance, in line with our horizontal pullback resistance level, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Copper prices are approaching our support, in line with our horizontal swing low support, 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
USDCAD is facing bullish pressure from 1st support at 1.26380, in line with 127.2% fib extension, 61.8% fib retracement and horizontal swing low support. We could see a further push towards 1st resistance at 1.27478 where the 100% fib extension is. EMA is also below prices, showing bullish pressure to prices.
UKOIL bounced off 64.05 where it could potentially rise further to 65.11
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Price is facing bearish pressure from our resistance and Ichimoku cloud, where we could see a reversal below this level to our first support target. Our first resistance level is in line with our horizontal overlap resistance and 50% fibonacci retracement where we could see a further drop below this level.
UKOIL reversed off its resistance at 63.47 where it could potentially drop further to 61.57
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper prices bounced nicely from our first support previously to reach our resistance target. We maintain our bullish outlook on Copper as prices are facing bullish pressure from our first support in line with our 61.8% fibonacci retracement and 78.6% fibonacci extension. A break above our upside confirmation level could see a further push up to our first...
Price is facing bearish pressure from our first resistance where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Copper prices are approaching our first support, in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension, where we could see further upside above this level. Stochastic is showing a bullish divergence as well, in line with our bullish bias.
UKOIL reversed off its resistance at 63.34 where it could potentially drop further to 61.57.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
