Positions | Today | Yesterday | % Change | |
Longs | 40% | 39% | 2.50% | |
Shorts | 60% | 61% | -1.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
The US Dollar appreciated about 67 base points against the Canadian Dollar on Monday. The surge was temporary stopped by a resistance level formed by the 100-hour simple moving average at 1.3200.
The exchange rate was located near the upper boundary of a descending channel pattern at 1.3181 and could be set for a breakout.
If this breakout occurs, the USD/CAD currency pair will target a resistance level formed by the weekly R1 at 1.3235.
However, it is important to note that a resistance cluster formed by the combination of the 100– and 200-hour SMAs at 1.3190 could hinder the rate from hitting target today.