Positions | Today | Yesterday | % Change | |
Longs | 44% | 36% | 18.18% | |
Shorts | 56% | 64% | -14.29% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
The resistance cluster set by the 55– and 100-hour SMAs which limited a move above the 1.3050 area provided a barrier for the Buck to surge yesterday. Thus bears took over the market.
The exchange rate breached the lower boundary of a junior pattern where there 200-hour simple moving average is located during the end of Wednesday's trading session.
As for near future, it is likely that the USD/CAD pair continue to decline until a new medium-term pattern is formed. Meanwhile, in terms of today session, it is expected the currency pair remains bearish.