Market analysis from Tickmill
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.
USDCAD facing pressure pressure from 1st resistance!
Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure from our first support where we could see a further push up to test our resistance target. Stochastic is approaching support as well, in line with our bullish bias.
Price is facing bullish pressure from our first support in line with our 61.8% fibonacci retracement where we could see a further push up to test our resistance target. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target.
Price is facing bullish pressure from our first support, in line with our horizontal overlap support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
UKOIL reversed off its resistance at 63.74 where it could potentially drop further to 62.81. 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 its downside confirmation at 1.2671, in line with EW structure where wave 3 ends. We could see a further drop below this level towards 1st support where 100% fib extension is.EMA is also suggesting that price could drop further.
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 61.8% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
UKOIL reversed off its resistance at 63.74 where it could potentially drop further to 62.81. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL bounced off 60.86 where it could potentially rise further to 61. 40 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 horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure from our first support in line with our ascending trend line where we could see a further push up to test our resistance target. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
USDCAD is facing bearish pressure from its 1st resistance at 1.2754, in line with the 38% fib retracement and horizontal overlap resistance, where we could see a further drop below this level towards 1st support where161.8% fib extension is.EMA is also suggesting that price could drop further.
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 where we could see a further push up to test our resistance target. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.