Positions | Today | Yesterday | % Change | |
Longs | 55% | 58% | -5.45% | |
Shorts | 45% | 42% | 6.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇓ |
The decline of the US Dollar against other major currencies continues. The US dollar had lost 70 points against the Canadian Dollar by the middle of Tuesday's trading session after a short period of gains during the Monday session.
The currency exchange rate has continued its bearish path, and the pair is moving in a descending channel. Technical indicator favor another decline toward the weekly pivot point at 1.2234 level.
Regarding the short-term future, the US dollar should soon start gaining strength against the Canadian Dollar, the bull might take over the pair from the support at 1.2234 level.