Positions | Today | Yesterday | % Change | |
Longs | 30% | 29% | 3.33% | |
Shorts | 70% | 71% | -1.43% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
The US Dollar continues its bullish path against the Canadian Dollar, the exchange rate is gradually moving in an ascending channel.
However, the currency pair has encountered a short period of consolidation during the European trading session on Tuesday, as the 55– hour simple moving average was resisting the USD/CAD pair for making any new wave to the upside.
In the meantime, a breakout could be expected from the SMAs during the next 24 hours. In addition, technical indicators suggest that bulls are likely to continue their dominance within this session.