Positions | Today | Yesterday | % Change | |
Longs | 57% | 58% | -1.75% | |
Shorts | 43% | 42% | 2.33% | |
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 | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇓ | ⇒ |
Contrary to expectations, the USD/CAD did not left a descending triangle downwards, but instead broke its upper trend-line. Nevertheless, a further surge did not follow as an expected fall of the rate has only slightly shifted to the right. Accordingly, the pair is expected to try to reach the weekly S1 at 1.3191 once again. On the other hand, the support line of the descending triangle might still serve as a barrier that can prevent the pair from achieving this goal. If a rebound will happen, it would be possible to argue that the triangle still exists, but with the new reaction high. In any case, depreciation of the US Dollar is expected.