Positions | Today | Yesterday | % Change | |
Longs | 72% | 71% | 1.39% | |
Shorts | 28% | 29% | -3.57% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Neutral | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
In accordance with one of the scenarios expressed on Friday, the USD/CAD currency pair found support at the 1.2674 level. After spending some in a limbo between this support and a resistance set up by the updated weekly PP at 1.2689, it made an expected breakout to the top. However, now, when the markets a sleepy, the pair has stuck again between the 55-hour SMA from the top and the 100-hour SMA from the bottom. Market sentiment remains 72% bullish, an aggregate technical indicator also send a strong buy signal for the upcoming day. Such clues allow assuming that the pair will try to surge to the 1.2748 level that not only represents a point, from which the Friday downfall has started, but also the weekly R1. In case the pair will suddenly choose the opposite direction, the drop should be neutralized by the approaching 200-hour SMA.