Positions | Today | Yesterday | % Change | |
Longs | 37% | 36% | 2.70% | |
Shorts | 63% | 64% | -1.59% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
The Greenback remained steady against the Canadian Dollar on Monday. The currency pair tried to advance yesterday but was nevertheless stopped by a combined resistance of the monthly pivot point and the upper border of an ascending pattern located near the 1.3243 area.
Given that the USD/CAD exchange rate has breached the upper boundary of both the senior and junior channels, a breakout could be expected during the following trading session.
Meanwhile, technical indicators demonstrate that the bulls might prevail in the market today.