USD/CAD falls to weekly and monthly PPs mid-session

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

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.

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.