Positions | Today | Yesterday | % Change | |
Longs | 62% | 61% | 1.61% | |
Shorts | 38% | 39% | -2.63% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
Beginning of the new month the USD/CAD met in a limbo between the 55-hour SMA from the top and the southern trend-line of a descending channel from the bottom. During the first half of Monday, the candles were flat and the pair moved horizontally, anticipating a release of the US ISM Manufacturing PMI. If this indicator appears to be encouraging, then the Greenback will easily push the pair to the resistance level set up by the 100-hour SMA at 1.3047 and the updated weekly PP at 1.3062. In the opposite scenario, the sales of Dollar might throw the rate slightly beyond the channel's boundary. However, this outcome might have only a limited effect.