USD/CAD sellers could prevail - Technical Analysis - Dukascopy Bank
Fri, 19 Feb 2021 07:43:30 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
72%
74%
-2.9%
Shorts
28%
26%
7.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇗
⇘
⇘
The US Dollar declined by 52 pips or 0.41% against the Canadian Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during Thursday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for sellers would be near the weekly support line at 1.2639.
However, the currency exchange rate could reverse from an order block at 1.2670 within this session.
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