USD/CAD full review

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

Positions Today Yesterday % Change
Longs 47% 52% -10.64%
Shorts 53% 48% 9.43%
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

As described before the break out of a triangle on the USD/CAD pair was stopped and a surge began on Friday. However, the surge has gained much more ground than expected. Due to that reason a larger look at the pair was conducted by Dukascopy analysts. 

It was revealed that there is a dominant channel up pattern, whose support was touched together with the rest of the support lines. In accordance with that pattern a rebound should have broken the previously watched patterns. 

Exactly that has occurred. Due to that reason the pair needs to be watched closely as new trend lines will be discovered.

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