Price continues to face bearish pressure, trending below the EMA (45) and Ichimoku cloud. We are thus seeing a medium-probability bearish scenario as price breaks below our ascending trend line, where we could possibly see a further drop towards our first support at 1801.71.
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We are seeing a medium-probability bullish scenario as price approaches our first support area at 3.30102, where we could see a further rise at this level towards our first resistance at 3.34271. It is worth noting that price continues to trend above the Ichimoku cloud and ascending trendline, which shows bullish pressure.
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We are seeing a medium-probability bearish scenario as price is approaching our first resistance area at 1822.29, where we could see a drop at this level towards our first support at 1801.71. The Ichimoku cloud and EMA(45) are both showing bearish momentum in line with our analysis.
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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. The RSI is showing signs of increasing bullishness as price approaches our 1st support.
UKOIL bounced off 48.52 where it could potentially rise further to 49.92
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We are seeing a medium-probability bullish scenario as price is approaching our first resistance area at 1822.29, where we could see a drop at this level towards our first support at 1803.06. The Ichimoku cloud and EMA(45) are both showing bearish momentum in line with our analysis.
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USDCAD is facing bullish pressure from our first support, in line with the 100% fib extension and 76.4% fib retracement, where we could see a further bounce towards 1st resistance. The RSI is showing signs of increasing bullishness.
UKOIL bounced off 47.58 where it could potentially rise further to 48.94
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Price is approaching our first resistance area at 3.30670, which is in line with the 161.8% Fibonacci retracement level and 61.8% Fibonacci extension level, where we could see a fall below this level towards our first support at 3.23103. The Stochastic indicator is also testing the resistance level at 67.44, indicating that a bearish reversal may be happening...
We are seeing a medium-probability bullish scenario as price is testing our first support area at 1819.49, where we could see a bounce at this level towards our first resistance at 1856.50. The Stochastic indicator is also testing the support level at 5.95, and price continues to trend below the descending trend line.
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UKOIL bounced off 46.04 where it could potentially rise further to 47.26
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USDCAD is facing bullish pressure from our first support, in line with the 50% fib retracement and horizontal swing low, where we could see a further bounce above this level. The stochastics is showing signs of increasing bullishness.
We are seeing a medium-probability bearish scenario as price is approaching our first resistance area at 1886.39, where we could see a reversal at this level towards our first support at 1852.84. The Ichimoku cloud is also showing bearish pressure as price continues to trend below the cloud.
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We are seeing a medium-probability bearish scenario as price has reversed from our first resistance area at 3.28810, where we could potentially see a fall below this level towards our first support at 3.21852. The Stochastic indicator shows a bearish divergence, which also indicates a bearish reversal.
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USDCAD is facing bearish pressure from our first resistance, in line the 61.8% fib retracement and 100% fib extension, where we could see a further drop below this level. The stochastics is showing signs of increasing bearishness.
Neutral Outlook for UKOIL as technical indicators are mixed.
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Losses can exceed the initial investment so please ensure you fully
understand the risks
Price is facing bullish pressure from our first support where we could see further upside above this level.
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 our first resistance, in line with our descending trend line , where we could see a further drop below this level. The Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
