Positions | Today | Yesterday | % Change | |
Longs | 73% | 73% | 0.00% | |
Shorts | 27% | 27% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Buy | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
During the last two trading sessions the US Dollar has been kept lower against the Canadian Dollar by the resistance of the 200-hour SMA. The simple moving average stopped the currency rate for the second time before 14:00 GMT. As a result of that move it can be expected that the pair will decline and try to find support in the combined support cluster of the 55 and 100-hour SMAs and the weekly PP, which were located, respectively at 1.2480, 1.2488 and 1.2475. Meanwhile, it can be observed that on a larger scale the currency pair has formed a triangle pattern. The triangle lines are crossing one another at the end of the week. Due to that reason it can be expected that during this week a breakout from the pattern will occur.