Positions | Today | Yesterday | % Change | |
Longs | 25% | 29% | -16.00% | |
Shorts | 75% | 71% | 5.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
Lack of fundamentals event on Monday resulted in the US Dollar to trade sideways against the Canadian Dollar. The currency pair was unable to surpass the 55– and 100-hour SMAs.
When looking at the exchange rate movement for the past few weeks, one can notice that the pair has been moving to the upside systematically and as a result, the pair reached a one-year high few days ago.
In the meantime, technical indicators flash buy signals. This might suggest that the USD/CAD currency exchange rate is likely to make a U-turn north during the following trading session.