Positions | Today | Yesterday | % Change | |
Longs | 52% | 44% | 15.38% | |
Shorts | 48% | 56% | -16.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇒ |
The USD/CAD forecast was precise. The pair broke out of the developed triangle down pattern to the downside. Moreover, the breakout has revealed additional patterns.
There are two newly mapped channel down patterns on the chart. One is a representation of the second one's junior movement. By using these two patterns one can make future forecasts.
In the short term the pair should slightly surge to touch the upper trend line of the junior pattern. There it will have two possibilities. Either break the resistance or decline to reconfirm the lower trend line the dominant pattern.