Positions | Today | Yesterday | % Change | |
Longs | 62% | 64% | -3.23% | |
Shorts | 38% | 36% | 5.26% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Neutral | |
RSI (14) | Sell | Sell | Sell | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇒ |
The Buck continues its neat journey in an ascending channel against the Loonie. By the close of Tuesday's trading session, the pair had breached a resistance cluster set by the weekly and monthly PPs near 1.2740. The currency pair is moving upwards to test the upper boundary of a junior channel where the weekly R2 is located. The 55-, 100-, and the 200-hour SMAs indicate that the surge is likely to continue until the pair breach the aforementioned pivot point. As for near future, bulls are likely to continue their dominance over this exchange rate until it books a new high at the monthly R1.