Positions | Today | Yesterday | % Change | |
Longs | 44% | 36% | 18.18% | |
Shorts | 56% | 64% | -14.29% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Buy | Neutral | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇑ | ⇘ |
The US Dollar spent Thursday's trading session with low volatility against its Canadian counterpart. The currency pair was pressured south by the weekly pivot point at 1.2794.
Considering that the US Dollar has declined substantially against the Loonie, it is very unlikely that a significant change to the price movement could occur to the currency pair during this session.
Everything being equal, it is likely that the USD/CAD currency exchange rate could continue falling until it breach the lower boundary of a junior descending channel. However, in the daily time-frame, technical indicators flash strong buy signals.