USD/CAD fluctuates around 1.2850

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 44% 46% -4.55%
Shorts 56% 54% 3.57%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The US Dollar remained relatively stable against its Canadian counterpart on Thursday, as the pair was fluctuating around the 1.2850 mark. The US labour data released mid-session added some bearish sentiment in the market, but the pair nevertheless failed to move below the 55-day SMA at 1.2805. 

Technical indicators suggest that it could still appreciate during the following session. A possible increase in price is likewise apparent on the chart, as the five-month high of 1.2910 has not yet been reached. This area could then be se as the most probable upside target. 

On the other hand, a breakout of the 55-hour SMA would not send the pair far south, given that the 200– and 100-hour SMAs, the weekly PP and the monthly S1 are located nearby.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.