USDCAD is facing bearish pressure from our first resistance, in line with our 23.6% fibonacci retracement and 100% fibonacci extension and 100 EMA, where we could see a further drop to our first support target.
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UKOIL bounced off 48.88 where it could potentially rise further to 49.52
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Price continues to face bullish pressure, where we could see a potential further rise up to our first resistance level at 1965.57, which is in line with our 61.8% Fibonacci retracement and horizontal swing high resistance.
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Price is facing bearish pressure from our first resistance in line with our horizontal swing high resistance and 78.6% fibonacci retracement , where we remain bearish under this level. A short term drop below 1st resistance at 3.50488 towards 1st support at 3.45142 could be possible.
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Losses can exceed the initial...
USDCAD is facing bearish pressure from our first resistance, in line with our descending trend line, 23.6% fibonacci retracement and 100% fibonacci extension where a break below our downside confirmation target could provide the bearish acceleration to our first support target.
UKOIL reversed off its resistance at 48.92 where it could potentially drop further to 47.77.
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UKOIL bounced off 47.94 where it could potentially rise further to 49.10
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USDCAD is facing bullish pressure from our first support, in line with the 61.8% fib extension, where we could see a further bounce towards 1st resistance where the 38% fib retracement is. Stochastics also indicates price is reaching support zone.
A break above our upside confirmation level at 1861.82 could provide the bullish acceleration to our first resistance target.
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Price is facing bullish pressure from our first support in line with our ascending trend line where we remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
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We are seeing a medium-probability bullish scenario as price is approaching our first support level at 48.54 where -27%, 61.8% fibonacci retracement and horizontal graphical overlap is. Price could make a bounce towards the first resistance level at 48.88. It’s worth noting that the Stochastic is showing bullish pressure where price has reacted off the 15% level...
USDCAD is facing bullish pressure from our first support, in line with the 100% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline indicates, we could see a possible pullback to the trendline towards 1st resistance as Stochastics indicates.
A break above our upside confirmation level at 1861.82 could provide the bullish acceleration to our first resistance target.
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 remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
USDCAD is facing bullish pressure from our first support, in line with the 100% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline indicates, we could see possible pullback to the trendline towards 1st resistance before a further drop as Stochastics indicates.
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 approaching our first resistance where we could see a reversal below this level.
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 remain bullish above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
