Market analysis from Tickmill
Price is facing bullish pressure from our ascending trend line and first support level where we could see a further rise up to our first resistance target. Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
Price is facing bullish pressure from our ascending trend line and first support level where we could see a further rise up to our first resistance target. Stochastic is facing bullish pressure from its support at 18.70 as well.
Price tested and rejected at 78.6% Fibonacci retracement as well as 127.2% Fibonacci extension. A short term push down of 1st resistance at 45.40 towards 1st support at 44.69 is possible. 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 1st support, where we could see a further bounce above this level. 1st support happens to be where the 61% fib extension is and could provide some support for USD CAD for price to bounce.
Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level to our first support target, in line with our horizontal swing low support and 100% fibonacci extension. Stochastic is facing bearish pressure as well.
Price is facing bullish pressure from our ascending trend line and first support level where we could see a further rise up to our first resistance target. Stochastic is facing bullish pressure from its support at 16.84 as well.
Price is facing bearish pressure from our 1st resistance, where we could see a further drop below this level. 1st resistance happens to be where the 50% fib retracement is and could provide some resistance for USD CAD for price to reverse and drop.
Price is facing bullish pressure from our ascending trend line and a break above our upside confirmation area at 1948.86 could provide the bullish acceleration to our first resistance level. Stochastic is testing our support at 9.82 as well, where we could see a bounce above this level.
Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
UKOIL bounced off 44.79 where it could potentially rise further to 45.38. 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 ascending trend line and a break above our upside confirmation area at 1948.86 could provide the bullish acceleration to our first resistance level. Stochastic is testing our support at 9.82 as well, where we could see a bounce above this level.
Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.77082 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Price is facing bearish pressure from our 1st resistance, where we could see a further drop below this level. A break below our downside confirmation target could provide the bearish acceleration to our first support target.
UKOIL bounced off 45.06 where it could potentially rise further to 45.57. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XCUUSD expected to rise up to 1st resistance at 2.89410 where it could potentially react off and drop down to 1st support at 2.77443. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD bounced off 2006.51 where it could potentially rise further to 2047.65. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD reversed off its resistance at 1.33598 where it could potentially drop further to 1.33005. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL approaching support at 44.76 where it could potentially rise further to 45.59. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.