Positions | Today | Yesterday | % Change | |
Longs | 38% | 41% | -7.89% | |
Shorts | 62% | 59% | 4.84% | |
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 | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
The Greenback continue to appreciate against the Loonie for the second consecutive trading session. This upward movement has resulted in the pair to breached the 55- and 100-hour SMA and a resistance cluster set by the weekly and the monthly PPs located near the 1.3112 mark.
Should in case the present sentiment persist, The exchange rate is likely to breakout from a descending pattern and aim for the 200-hour moving average during the following trading session.
By and large, the USD/CAD currency exchange rate is expected to continue its upward movement within this session.