Positions | Today | Yesterday | % Change | |
Longs | 42% | 40% | 4.76% | |
Shorts | 58% | 60% | -3.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
The US Dollar appreciated about 160 base points against the Canadian Dollar on Tuesday. The surged was stopped by a resistance level formed by the weekly R1 at 1.3318 during the previous session.
Everything being equal, it is likely that the USD/CAD currency pair will make a temporary retracement towards the weekly R1 at 1.3235 during the following trading session.
On the other hand, the currency exchange rate could reversal from the current price level and takes out yesterday high at 1.3318 today.