| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 45% | 7.1% |
| Shorts | 51% | 55% | -6.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇑ | ⇒ |
The US Dollar depreciated about 0.51% in value against the Canadian Dollar on Monday. A breakout occurred through the lower boundary of a medium-term ascending channel pattern at 1.3280 during Monday's trading session.
The exchange rate is currently trading near the bottom border of a junior descending channel pattern, as can be observed on the 1H time-frame chart.
If the junior descending channel holds, a brief retracement towards the 1.3260 could be expected within this session.
However, if the currency exchange rate breaks the channel pattern, bearish traders might aim for a swing low at 1.3200 during the following trading hours.