Positions | Today | Yesterday | % Change | |
Longs | 44% | 44% | 0.00% | |
Shorts | 56% | 56% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The Greenback has remained in a relatively stable position against the Canadian Dollar for the second consecutive session.
The pair tried to edge lower mid-Friday; however, the combined resistance of the 55-hour SMA and the monthly PP circa 1.2825 stopped any further attempts. It is expected that the former could guide the pair during the following hours.
Technical indicators even suggest that further surge might be due. This up-move, however, is unlikely to be sustainable for long, as the five-month high of 1.2910 should provide strong resistance.
Given that the southern side is guarded by several support areas, a more likely like scenario for this session could be either a movement sideways or the aforementioned appreciation.