USD/CAD pair guided by SMAs

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

Positions Today Yesterday % Change
Longs 33% 36% -9.09%
Shorts 67% 64% 4.48%
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) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Upside risks prevailed in the market on Monday, thus sending the US Dollar to advanced 69-pips against the Canadian Dollar. The currency pair managed to surpass the 55– hour simple moving average along the way but was hindered by the upper boundary of a medium-term triangle.

The 55– and 100– hour SMAs has guided the exchange rate during the first half of Tuesday's trading session.  However, the pair was unable to make a significant movement either direction due to low volatility. 

Technical indicators demonstrate that bulls are likely to grow stronger during the following trading sessions.

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