Positions | Today | Yesterday | % Change | |
Longs | 42% | 45% | -7.14% | |
Shorts | 58% | 55% | 5.17% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
Downside risk prevailed in the market on Friday. Bears continue their dominance over the USD/CAD exchange rate. As shown on the chart, the Greenback has remained stable and slowly moving south against the Loonie.
The currency exchange rate was guided mainly by the 55-hour simple moving average. The rate has moved closer to the bottom border of a dominant channel and could be set for a breakout within this trading session.
Everything being equal, the bearish sentiment could continue to dominate the price movement until it breaches the weekly S1 at 1.2773.