| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 34% | 4.0% |
| Shorts | 64% | 66% | -2.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar appreciated about 56 base points against the Canadian Dollar on Thursday. However, the surge was stopped by a resistance level formed by the 50-hour simple moving average at 1.3337.
Everything being equal, it is likely that the exchange rate will aim at the lower boundary of a junior descending channel pattern at 1.3250 during the following trading session.
If the currency exchange rate breaks the junior pattern, the next target for bearish traders will be at a support cluster formed by the combination of the weekly and the monthly PPs at 1.3198.