USD/CAD US presidential election - Technical Analysis - Dukascopy Bank
Wed, 04 Nov 2020 07:14:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
74%
75%
-1.5%
Shorts
26%
25%
4.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇘
⇒
The US Dollar declined by 131 pips or 0.99% against the Canadian Dollar on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.
The exchange rate rebounded from Tuesday's low level at 1.3102 during the Asian session on Wednesday. Most likely, bullish traders could continue to drive the price higher today.
However, the US presidential election results might pressure the USD/CAD currency exchange rate within this session.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.