Positions | Today | Yesterday | % Change | |
Longs | 59% | 55% | 6.78% | |
Shorts | 41% | 45% | -9.76% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇑ | ⇓ | ⇒ |
USD/CAD managed to retain its upward momentum on Wednesday despite being hindered for several trading hours by the 200-hour SMA . After peaking at 1.3337, the Greenback entered a consolidation phase, returning near the 20-hour SMA at 1.3320. Better-than-expected Canadian data on Core Retail Sales mid-today resulted in a plunge, as the rate dashed through the 55-, 200- and 100-hour SMAs. In general, further depreciation is unlikely to be sustainable; thus, the base scenario favours the rate edging higher. The upper limit for the following session may be the 200-hour SMA at 1.3342 apparent on the daily chart. On Friday, Canada is to publish month-on-month CPI at 1230 GMT.