USD/CAD daily sell signal - Technical Analysis - Dukascopy Bank
Fri, 13 Nov 2020 09:06:01 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
75%
74%
1.4%
Shorts
25%
26%
-4.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇓
⇘
The US Dollar surged by 86 pips or 0.66% against the Canadian Dollar on Thursday. The currency pair breached the weekly pivot point at 1.3147 during yesterday's trading session.
As for the near future, the exchange rate could continue to trend bullish. A breakout through the upper boundary of an ascending channel pattern might occur within this session.
However, technical indicators suggest that the currency exchange rate could edge lower during Friday's trading session.
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