Positions | Today | Yesterday | % Change | |
Longs | 50% | 52% | -4.00% | |
Shorts | 50% | 48% | 4.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇗ | ⇒ |
The US Dollar depreciated about 90 pips against the Canadian Dollar on Friday. This decline was temporary stopped by the 50-hour simple moving average at 1.3069 during the end of Friday's session.
Today's session begins with a bearish momentum. By the middle of the European trading session on Monday, the currency pair has broken the lower boundary of a one-week ascending channel at 1.3103.
Given that a breakout has occurred, the currency exchange rate could aim at a support level formed by the 200-hour SMA near the 1.3060 region in the coming hours.