USD/CAD awaits US ISM Manufacturing PMI

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 59% 56% 5.08%
Shorts 41% 44% -7.32%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The inability of the Greenback to gain momentum yesterday has a positive impact on the USD/CAD currency pair. The pair introduced no significant changes to the overall price level during the end of trading day.

The exchange rate continues trading bullish for this week, and it seems that traders might target 1.2902 which is formed by the combination of the weekly R1 and the monthly R1.

Given that technical indicators is show a sign that the pair is shifting away from the oversold area might suggest either a consolidation or a minor surge during the following trading session. Meanwhile, traders await the US ISM manufacturing PMI and the Canadian GDP report.    

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.