USD/CAD reveals new pattern

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

Positions Today Yesterday % Change
Longs 49% 47% 4.08%
Shorts 51% 53% -3.92%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Just as expected the US Dollar has extended its surge against the Canadian Dollar and revealed the trend lines of the dominating medium term pattern. In general, this analysis concentrates on the new information.  

First of all it can be seen that there was a basis for the resistance of the new medium sized channel up pattern. The low levels of December 13 and 14 served as a base for the resistance line.  

Secondly, the pair has made another rebound against the lower trend line of newly discovered pattern. That means that the pair is set to continue to surge in the short and medium term.

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