Positions | Today | Yesterday | % Change | |
Longs | 57% | 53% | 7.02% | |
Shorts | 43% | 47% | -9.30% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇒ | ⇒ |
Upside risks prevailed in the market on Friday, thus allowing the USD/CAD currency pair to gained about 71 base points. The pair breached the 200-hour simple moving average at 1.3096 during the end of Friday's session.
The exchange rate was stranded between SMAs during the first part of Monday's session. The 100-hour SMA at 1.3114 was providing resistance for the rate, while a support cluster formed by the 50– and 200-hour SMAs was providing support for the pair at 1.3100.
A breakout from the SMAs is likely to occur within this session. Meanwhile, technical indicators suggest a southern breakout.