Positions | Today | Yesterday | % Change | |
Longs | 63% | 67% | -6.35% | |
Shorts | 37% | 33% | 10.81% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇗ |
The US Dollar has continued to gain even more ground against the Canadian Dollar. The reason for the surge is double sided.
Namely, the Greenback is surging due to political reasons in the news. Meanwhile, the Canadian macroeconomic data has revealed that the Canadian economy is doing a lot better than thought before. In addition, Bank of Canada has revealed its dovishness. That is set to make the Canadian Dollar weaker.
However, one can't use technical charting properly during a time when the fundamentals are largely being introduced and dynamically change the situation. Although, Dukascopy Analysts doubt that this aspect will discourage retail traders.