USD/CAD bulls could prevail - Technical Analysis - Dukascopy Bank
Fri, 19 Mar 2021 08:16:33 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
71%
74%
-3.5%
Shorts
29%
26%
8.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Buy
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Neutral
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
Upside risks dominated the US Dollar against the Canadian Dollar on Thursday. The USD/CAD currency pair edged higher by 141 pips or 1.14% during Thursday's trading session.
The exchange rate is likely to continue to edge higher during the following trading session. The potential target for bullish traders will be near the weekly resistance level at 1.2628.
However, the 200– hour simple moving average at 1.2525 could provide resistance for the currency exchange rate within this session.
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.