Market analysis from Tickmill
Price is facing bullish pressure from our first support where we could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 8.18 as well, in line with our bullish bias.
Price is approaching our first support at 1852.57, where we could see a potential bounce at this level and further rise up towards our first resistance. It is worth noting that the price is still holding above EMA (50) in line with our bullish bias.
USDCAD is approaching our upside confirmation at 1.2931, in line with our 50% fibonacci retracement and 100% fib extension , where we could see a potential bounce towards our first resistance target if price breaks above this key level. Ichimoku is also signaling that the price could bounce further from current level.
UKOIL approaching its resistance at 50.88 where it could potentially drop further to 49.90. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD is approaching our 1st support at 1.2826, in line with our 50% fibonacci retracement and horizontal pullback support , where we could see a potential bounce towards our first resistance target where the 50% fib retracement and 100% fib extension are. Ichimoku is also signaling that the price could bounce further from current level.
Price is facing bullish pressure from our first support where a break above our upside confirmation level could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 21.74 as well, in line with our bullish bias.
Price is approaching our first support at 1861.82, where we could see a potential bounce at this level and further rise up towards our first resistance at 1959.93. It is worth noting that the price is still holding above EMA (20) in line with our bullish bias.
USDCAD is approaching our 1st resistance at 1.28718, in line with our 38.2% fibonacci retracement and 78.6% fib extension , where we could see a potential reversal towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level.
UKOIL approaching its resistance at 51.22 where it could potentially drop further to 50.56. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Price is testing our first support at 3.58653 where we could see a potential bounce at this level and further rise up towards our first resistance at 3.65145. It is worth noting that the price is still holding above the ascending trendline and the Ichimoku cloud, showing bullish pressure in line with our bullish bias.
Price is approaching our first support at 1861.82, where we could see a potential bounce at this level and further rise up towards our first resistance at 1959.93. It is worth noting that the price is still holding above EMA (20) in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you...
UKOIL reversed off its resistance at 51.36 where it could potentially drop further to 50.91. 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 at 3.58653, in line with our 38.2% Fibonacci extension, 23.6% Fibonacci retracement and horizontal pullback support, where we remain bullish above this level. We could see a potential bounce at this level and further rise up towards our first resistance at 3.65145, in line with our 78.6% Fibonacci extension and -27.2%...
Price is approaching our first support at 1873.38, in line with our 38.2% Fibonacci extension and horizontal overlap support, where we remain bullish above this level. We could see a potential bounce at this level and further rise up towards our first resistance at 1896.17, in line with our 38.2% Fibonacci extension and horizontal swing high resistance. It is...
USDCAD is approaching our 1st resistance at 1.27469, in line with our 78.6% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level.
UKOIL bounced off 51.46 where it could potentially rise further to 52.12 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Price has just bounced off our first support in line with our 38.2% Fibonacci extension, 50% Fibonacci retracement and horizontal swing low support, where we remain bullish above this level. We expect a possible further rise up to our first resistance at 3.57843, which is in line with our 61.8% and 78.6% Fibonacci extension levels. It is also worth noting that...
Price has just bounced off our first support in line with our 38.2% Fibonacci extension, 50% Fibonacci retracement and horizontal swing low support, where we remain bullish above this level. We expect a possible further rise up to our first resistance at 3.57843, which is in line with our 61.8% and 78.6% Fibonacci extension levels. It is also worth noting that...