Positions | Today | Yesterday | % Change | |
Longs | 72% | 74% | -2.78% | |
Shorts | 28% | 26% | 7.14% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Buy | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The USD/CAD expectedly slipped down to the combined support level formed by the weekly S1 at 1.2546 and the monthly S2 at 1.2552. Partially, this outcome is related to a rebound from the 100-hour SMA near 1.2645 and, partially, to reaction from the speech delivered by the ECB President Mario Draghi. In line with expectation, the above barrier did not let the currency pair further and forced it to change a direction. As a result, by the middle of the day the pair has reached a new cellar set up by the 55-hour SMA and bounced off from it. However, mostly this appreciation of the Loonie is attributed to a release of the Canadian fundamental data. Most probably, the above borders would constrain the pair this time as well. On the other hand, this result might indicate formation of a descending triangle.