Positions | Today | Yesterday | % Change | |
Longs | 45% | 49% | -8.89% | |
Shorts | 55% | 51% | 7.27% | |
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 | ⇗ | ⇗ | ⇒ |
Despite the slow start of Tuesday's session, the US Dollar managed to strengthen against the Loonie and test the six-month high of 1.2909 by mid-session. The rate lingered slightly near this mark but was nevertheless pressured by bears to fall back down the combined support of the 200– and 100-hour SMAs.
This area, however, did not hold for long, as the Greenback fell to test another support of significance formed by the weekly and monthly PPs near the 1.2825 mark. It is expected that this area could stop any further decline.
Technical indicators favour appreciation within the following 24 hours. However, all three SMAs are likely to restrict the pair from an easy access to the aforementioned six-month high. As a result, the rate could be located near the 55-hour SMA by mid-tomorrow.