USD/CAD selling signals - Technical Analysis - Dukascopy Bank
Mon, 15 Feb 2021 08:08:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
70%
74%
-5.1%
Shorts
30%
26%
12.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇘
The US Dollar declined by 63 pips or 0.49% against the Canadian Dollar on Friday. The USD/CAD currency pair breached the 50– hour simple moving average at 1.2700 during Friday's trading session.
Technical indicators suggest selling signals on the 4H, daily and weekly time-frame charts. The exchange rate will most likely continue to edge lower during the following trading session.
However, the weekly support level at 1.2639 could provide support for the currency exchange rate within this session.
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