USD/CAD bounces off support - Technical Analysis - Dukascopy Bank
Mon, 08 Mar 2021 08:55:08 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
70%
72%
-1.7%
Shorts
30%
28%
4.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇗
⇒
⇘
During Friday's trading session, the US Dollar fell by 67 pips or 0.53% against the Canadian Dollar. The decline was stopped by the 200– hour simple moving average on Friday.
If the 200– hour SMA at 1.2628 holds, bullish traders are likely to pressure the USD/CAD exchange rate higher towards the weekly resistance level at 1.2735 during the following trading session.
However, if the currency exchange rate breaks the support line at 1.2628, a decline towards the weekly S1 at 1.2572 could be expected today.
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.