USD/CAD consolidated at 1.3061 - Technical Analysis - Dukascopy Bank

Tue, 29 Oct 2019 09:46:55 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs71%69%2.7%
Shorts29%31%-6.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The US Dollar depreciated about 30 basis points against the Canadian Dollar on Monday. The currency pair was pressured down by the 50– hour simple moving average during yesterday's trading session.

The exchange rate was trading sideways during the morning hours of Tuesday's trading session.

Everything being equal, bulls could take control of the market within the following trading session.

However, technical indicators demonstrate that the currency exchange rate will likely continue to decline today.


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