USD/CAD bound by SMA

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

Positions Today Yesterday % Change
Longs 63% 58% 7.94%
Shorts 37% 42% -13.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Neutral
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

During the early hours of Tuesday's trading session, the USD/CAD pair breached the upper boundary of a large-scale triangle. 

Technical signals showed mixed results. On the one hand, the pair could continue to rally until it is stopped by the weekly R1 at 1.2653. on the other hand, the weakness of the US Dollar could likely make the pair to reverse for a re-test of the 200—hour simple moving average. 

In larger perspective, bears are expected to take the lead for a notable amount of time.

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