Positions | Today | Yesterday | % Change | |
Longs | 58% | 60% | -3.45% | |
Shorts | 42% | 40% | 4.76% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇒ |
Contrary to prognoses, the USD/CAD did not manage to reach the monthly R1 1.3347. In contrast, it formed a descending triangle and turned the 100-hour SMA and the weekly PP at 1.3269 into resistance a fell along the upper descending trend-line right through the bottom edge of an ascending channel. Today's morning session did not show any signs that the currency rate has a power to recover. In addition, the rate continues to feel pressure from the 55- and 200-hour SMAs at 1.3252. For this reason, the freefall is expected to continue through until the pair reaches the weekly S1 at 1.3191. A light recovery near the lower horizontal trend-line might happen, but the breakout is still expected to happen downwards.