Positions | Today | Yesterday | % Change | |
Longs | 55% | 50% | 9.09% | |
Shorts | 45% | 50% | -11.11% | |
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 | ⇓ | ⇘ | ⇗ |
Although the USD/CAD faced no technical support in a large range, the currency exchange rate did not continue its decline in the past 24 hours. Instead, the currency pair has regained ground by passing the monthly first support level and the resistance of the 55-hour SMA. As a result of the surge, the pair reached the resistance put up by the weekly S3, which is located at the 1.3291 mark. It is highly possible that the pair will get squeezed in between the weekly S3 together with the 100-hour SMA, which is approaching from the upside near the 1.3320 mark, and the support of the 55-hour SMA. Such a hypothesis is made due to the fact that the 55-hour SMA has proven its strength by holding the pair from surging for around 12 hours.