BCOUSD has made a bullish exit from its descending resistance turned support line where it could potentially rise to its major resistance at 76.44 (50% Fibonacci retracement, horizontal overlap resistance) after bouncing off its support at 75.20 (horizontal overlap support). RSI (89) has made a bullish exit from its descending channel and the ichimoku cloud shows...
BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur....