Positions | Today | Yesterday | % Change | |
Longs | 46% | 43% | 6.52% | |
Shorts | 54% | 57% | -5.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
Bullish sentiment continues to drive the US Dollar upward against the Canadian Dollar. By the end of Thursday's session, the currency pair has gained 129 base points or 0.98%.
The exchange rate introduced no significant changes to its overall price range on Friday because of the pair pullback from the upper boundary of a junior ascending channel. This pullback could be considered to be a brief retracement.
Given that the USD/CAD currency exchange rate has been moving within yesterday trading range, it is unlikely that bulls would have enough strengthened to surpass the range today.