Positions | Today | Yesterday | % Change | |
Longs | 31% | 25% | 19.35% | |
Shorts | 69% | 75% | -8.70% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇗ |
The US Dollar maintained a junior descending channel pattern against the Canadian Dollar on Monday. The currency pair gained about 59 base points during yesterday's trading session.
The exchange rate was trading along the 50-hour simple moving average during the first half of Tuesday's trading session.
The short-term target for the currency exchange rate will be near a resistance cluster formed by the weekly pivot point and the upper boundary of the junior descending channel pattern at 1.3153.
The pair could make a pull-back from the resistance cluster as mentioned above.