Positions | Today | Yesterday | % Change | |
Longs | 46% | 42% | 8.70% | |
Shorts | 54% | 58% | -7.41% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar was driven by a downside momentum on Monday as a result, the currency pair tested the lower boundary of an ascending trend-line.
The Greenback is gradually moving towards the border of a medium-term triangle and a breakout could be expected through the upper boundary within the following trading session.
Technical indicators demonstrate that the USD/CAD exchange rate might still push north for a potential target at 1.2949 which is the weekly pivot point. However, it is important to note that the 100– hour simple moving average could hinder such moves.