Positions | Today | Yesterday | % Change | |
Longs | 54% | 60% | -11.11% | |
Shorts | 46% | 40% | 13.04% | |
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 | ⇗ | ⇗ | ⇗ |
The USD/CAD currency pair has made no significant advances during the previous trading session, as the 38.20% Fibonacci retracement level restricted any attempts made by bulls to move above the 1.3180 mark. Bears managed to take control of the pair during the early hours of Friday's trading session. By the middle of the day, the exchange rate has tested the 55-hour simple moving average at 1.3127. Given that the currency exchange rate has breached the 55-hour SMA, the next target for the bearish momentum could be a support cluster formed by the weekly and the monthly PPs near the 1.30mark.