Positions | Today | Yesterday | % Change | |
Longs | 38% | 52% | -36.84% | |
Shorts | 62% | 48% | 22.58% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
The USD Dollar plummeted about 115 base points against the Canadian Dollar on Wednesday. The currency pair breached both the 50– and 100-hour SMAs at 1.3280 and 1.3243 during yesterday's session.
Everything being equal, it is likely that the USD/CAD currency exchange rate would make an upside movement today and potentially aim for yesterday's swing high of 1.3360.
Furthermore, technical indicators suggest that bullish momentum might come into play within this session.