USD/CAD decline to continue - Technical Analysis - Dukascopy Bank
Wed, 16 Dec 2020 09:08:41 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
73%
75%
-2.1%
Shorts
27%
25%
5.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Buy
Buy
Stochastic(5;3;3)
Buy
Buy
Buy
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇒
⇒
The US Dollar declined by 76 basis points or 0.59% against the Canadian Dollar on Tuesday. The decline was stopped by the weekly S1 at 1.2703 during yesterday's trading session.
Technical indicators suggest selling signals on the 4H, daily and weekly time-frame charts. Most likely, the currency pair could continue to edge lower within Wednesday's trading session.
However, the weekly support level at 1.2703 could still provide support for the USD/CAD currency exchange rate in the short-term.
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.