| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 73% | -0.8% |
| Shorts | 27% | 27% | 2.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
[ANNOUNCE]The US Dollar edged higher by 48 basis points or 0.37% against the Canadian Dollar on Monday. The surge was stopped by the 50– hour simple moving average during yesterday's trading session.[/ANNOUNCE]
Technical indicators suggest selling signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could keep falling in a descending channel pattern during the following trading session.
However, the lower line of the descending channel pattern could provide support for the currency exchange rate in the shorter term.