Positions | Today | Yesterday | % Change | |
Longs | 36% | 63% | -75.00% | |
Shorts | 64% | 37% | 42.19% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Neutral | Neutral | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇑ | ⇗ | ⇒ |
The US Dollar has extended its gains against the Canadian Dollar. Nevertheless, the surged was stopped by the monthly pivot point at 1.2771.
The 55-hour simple moving average has guided the exchange rate higher, and the currency pair could be heading for a test of the upper boundary of a junior pattern.
Everything being equal, the bullish sentiment should continue dominating the pair during the following trading session. However, the aforementioned monthly PP could introduce a downward pressure on the USD/CAD pair.