Positions | Today | Yesterday | % Change | |
Longs | 71% | 73% | -2.82% | |
Shorts | 29% | 27% | 6.90% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇘ | ⇓ |
As expected on Monday, the combined resistance of the 55-hour SMA and the upper trend line of the junior descending channel pattern stopped the pair just before the release of the Canadian Retail Sales.
The release was covered on the Dukascopy online webinar by our analyst, and it was almost a certainty that the pair will bounce off the resistance. Moreover, beforehand a larger scale channel down was mapped, and the rate stopped its release fall exactly at that line.
In regards to the near future, the pair will continue the decline influenced by both pattern trend lines until it reaches the weekly S1 at the 1.25 mark.