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.