USD/CAD sell signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%49%-3.0%
Shorts53%51%2.7%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒

[ANNOUNCE]The US Dollar surged by 97 basis points or 0.71% against the Canadian Dollar on Friday. The surged was stopped by the 100– hour simple moving average at 1.3829 during Friday's trading session. [/ANNOUNCE]

Everything being equal, the USD/CAD exchange rate could continue to edge lower within this session. A breakout might occur through the lower boundary of a descending channel pattern.

However, if the descending channel pattern holds, buyers could pressure the currency exchange rate higher within this session.

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