Positions | Today | Yesterday | % Change | |
Longs | 35% | 40% | -14.29% | |
Shorts | 65% | 60% | 7.69% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇗ |
The US Dollar introduced no significant changes to its overall price range against the Canadian Dollar on Monday, as the Greenback remained trading with low volatility.
Meanwhile, the currency pair has moved closer to the upper boundary of a downtrend channel and could be set for a breakout. However, the rate needs to surpass the 100-hour simple moving average located near 1.3193.
Technical indicators on the four-hour time frame suggest a strong sell signal. Therefore, the aforementioned 100-hour SMA could pressure the USD/CAD currency exchange rate further south during the following trading session.