Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NIO has broke its upward trendline and has 38.2 correction.
Critical level was R1, found more resistance at that level and reversed the trend.
If the price does not bounce back to the 50% or 61.8% fibo level, the price may continue further down to S1 again
If the price recovers and breaks above R1 it may start a new wave on a longer time frame.
WTI has a bearish bias as we can see a downtrend line that started on 06/29 and is still active till today.
But the most recent data showing a balance between supply and demand appears between 105.26 and 93.65 levels.
Investors should focus on when the price is about to break.
NZDUSD has broken its uptrend line and has a small retracement at 38.2 fibo level.
A healthy retracement of trend lasts until 50 and 61.8 level of fibo.
If the price drop below 61.8 the trend may reversed.
If the price bounce back one of these levels, investors should expect the price to go higher.