USD/CAD buy signals today

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs37%39%-4.2%
Shorts63%61%2.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇗⇒

[ANNOUNCE]The US Dollar appreciated about 63 base points against the Canadian Dollar on Wednesday. The currency pair was guided up by the 50– and 100-hour simple moving averages during the previous trading session.[/ANNOUNCE]

The exchange rate bounced off the lower boundary of a junior ascending channel pattern at 1.3405 during the European trading session on Thursday.

Most likely, the currency exchange rate could aim for a resistance line formed by the monthly pivot point at 1.3465 within this session.

Furthermore, technical indicators demonstrate that bulls will continue their dominance in the market today.

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