Positions | Today | Yesterday | % Change | |
Longs | 71% | 66% | 7.04% | |
Shorts | 29% | 34% | -17.24% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇒ | ⇘ |
Friday's trading session marked no changes for USD/CAD, as the rate remained in the 1.2960/67 area for the whole session. The US Dollar was hindered by the 55-hour SMA for several hours early on Monday, but this level was breached, thus leaving the pair between the 55– and 100-hour SMAs by mid-session.
In terms of fundamentals, no market shakers are scheduled for today; thus, the Greenback could remain between these moving averages until early Tuesday. Apart from the 100-hour SMA, the northern side is guarded by the weekly PP at 1.2727.
It is likely that bulls are unable to push past this area and thus leave the rate near the 55-hour SMA. This scenario is likewise supported by technical indicators.