Positions | Today | Yesterday | % Change | |
Longs | 26% | 28% | -7.69% | |
Shorts | 74% | 72% | 2.70% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇒ |
The US Dollar introduced no significant changes to its overall price range against the Canadian Dollar on Monday, as the USD/CAD currency pair remained trading with low volatility.
Meanwhile, a breakout had occurred through the lower boundary of a junior ascending pattern as can be observed on the chart and could be set for a short-term decline during the following session.
According to technical indicators, some upside potential still exists. In the meantime, the currency exchange rate could make a brief retracement down targeting the 200-hour simple moving average at 1.3167.