Positions | Today | Yesterday | % Change | |
Longs | 62% | 62% | 0.00% | |
Shorts | 38% | 38% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇘ |
The Greenback remained stable against the Canadian Dollar, as the momentum sideways which began early on Wednesday continued to prevail in this session, as well. The 100– and 55-hour SMAs provided sufficient support not to let the pair past the 1.25 mark.
Sluggish Canadian trade balance released at 1230GMT resulted in a massive surge of the US Dollar. This pressure northwards managed to push the rate above 1.2520. The strong upside momentum should allay in the nearest time and the rate thus might resume its trading closer the bottom channel boundary.
Assuming that bulls could prevail in the upcoming 24 hours, it is possible that the rate tests the four-week high or weekly R1 at 1.2540 and 1.2566, respectively.