Positions | Today | Yesterday | % Change | |
Longs | 67% | 66% | 1.49% | |
Shorts | 33% | 34% | -3.03% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇓ | ⇘ | ⇘ |
In line with prognoses, the USD/CAD ended yesterday's trading session slightly below the weekly PP located at the 1.2918 level. Because of the decreasing amplitude of motion, it is possible to draw the borders of a symmetrical triangle. Accordingly, the breakout might occur in both directions. From the north the pair is feeling pressure from the 100- and 200-hour SMAs not to mention the above PP. But from the southern side the pair has no barriers up until the weekly S1 at 1.2820. This fact makes the fall a more attractive scenario. In addition to that, the pair is trading in a larger scale descending channel, which helps to maintain the general downtrend.