Positions | Today | Yesterday | % Change | |
Longs | 43% | 47% | -9.30% | |
Shorts | 57% | 53% | 7.02% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇘ | ⇗ |
The US Dollar has revealed a new short-term pattern against the Canadian Dollar. The currency exchange rate is trading in a descending channel pattern. During the first half of Monday's trading session, the currency exchange rate bounced off from the resistance of the given channel just above the 1.3460 mark. As a result, the pair is heading lower to the newly calculated first weekly support level, which is located at the 1.3413 mark. Most likely, this level will be reached by the end of today's trading session. However, subsequent movement is unclear, as the rate might break the channel's resistance and rebound in accordance with the technical perspective or pass the support and be forced to a sharp fall down to the trend-line and a resistance of the weekly S1.