Positions | Today | Yesterday | % Change | |
Longs | 27% | 25% | 7.41% | |
Shorts | 73% | 75% | -2.74% | |
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 | ⇒ | ⇗ | ⇗ |
Tuesday's trading session did not introduce significant changes to the USD/CAD exchange rate price level, as any attempts for the pair to move south was limited by the 55– and 100– hour SMAs.
During the European session on Wednesday. The currency pair breached the lower boundary of an ascending trend line. Furthermore, the pair also tested the aforementioned simple moving averages.
Should in case no fundamentals event surprise the market, it is unlikely that the overall daily price level is breached today. In the meantime, technical indicators are still bullish sentiment.