Positions | Today | Yesterday | % Change | |
Longs | 59% | 56% | 5.08% | |
Shorts | 41% | 44% | -7.32% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar appreciated by 62 base points against the Canadian Dollar on Monday. The currency pair breached the monthly pivot point at 1.3036 during the end of the previous trading session.
However, today's session begins with 51 pips decline. This bearish momentum could push the rate past the 50– and 100-hour simple moving average at 1.3030 within this trading session.
Even though this downside movement continues during the following trading hours, it is unlikely to reach the lower boundary of a medium-term ascending channel pattern today.