Positions | Today | Yesterday | % Change | |
Longs | 52% | 54% | -3.85% | |
Shorts | 48% | 46% | 4.17% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
On Monday it was spotted that the US Dollar had no support levels left against the Canadian Dollar. The event resulted in a decline of the pair.
However, the free range from Dukascopy Analytics technical levels clearly was not about to be passed in a sudden drop without a fundamental base. Due to that reason the first hunt for a declining pattern began soon after.
On Tuesday analysts spotted that there is a very strong support line, which is keeping the rate from declining. That rate was used to draw a speculative channel down pattern.
The pattern is set to guide the rate down to the weekly S1 at 1.2502 level.