USD/CAD waiting for US data release - Technical Analysis - Dukascopy Bank
Fri, 05 Mar 2021 08:47:40 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
72%
75%
-4.4%
Shorts
28%
25%
11.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Neutral
Sell
Sell
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇒
⇒
⇘
During the first half of yesterday's trading session, the US Dollar declined by 91 pips or 0.72% against the Canadian Dollar. However, the currency pair regained the lost points by the end of the day.
All things being equal, the exchange rate could continue to edge higher during the following trading session. A breakout through the upper boundary of a descending channel pattern could occur.
Although, Friday's macroeconomic data releases scheduled at 13:30 GMT could play an important role in the overall movement of the currency exchange rate in the shorter 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.