Positions | Today | Yesterday | % Change | |
Longs | 51% | 50% | 1.96% | |
Shorts | 49% | 50% | -2.04% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇓ | ⇒ |
As it was expected, the upper trend line of the dominant channel down pattern of the USD/CAD currency exchange rate held its ground and forced the currency pair into a retreat.
By the middle of Friday's trading session the currency pair had reached below the support line of a junior pattern. However, the descent was stopped by at the 1.24 mark. Due to an undiscovered reason that level has begun to provide support to the Greenback against the Loonie.
Although, this fact does not change the forecast of an upcoming decline down to the 1.2360 mark.