| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 65% | 10.0% |
| Shorts | 28% | 35% | -26.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
On Friday, the US Dollar rose by 57 pips or 0.46% against the Canadian Dollar. The surge was stopped by the 50– hour simple moving average during Friday's trading session.
As for the near future, the USD/CAD exchange rate could continue to strengthen. Buyers may target the upper boundary of a descending channel pattern at 1.2440 within this session.
However, technical indicators suggest that the currency exchange rate could continue to edge lower during the following trading session.