Positions | Today | Yesterday | % Change | |
Longs | 39% | 55% | -41.03% | |
Shorts | 61% | 45% | 26.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Neutral | Neutral | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇘ |
The US Dollar continued to gain strength against the Canadian Dollar, and by the end of yesterday session, the currency pair has moved past a resistance formed by the weekly pivot point at 1.28.
After reaching the upper boundary of an ascending channel at 1.29, the exchange rate made a corrective move south. However, this decline was stopped by the 200– hour simple moving average and the weekly PP at 1.2845.
Everything being equal, it is likely that the USD/CAD currency exchange rate maintains the ascending channel. On the daily time-frame, technical indicators supported such movement.