Positions | Today | Yesterday | % Change | |
Longs | 37% | 43% | -16.22% | |
Shorts | 63% | 57% | 9.52% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇒ | ⇒ |
The USD/CAD exchange rate has been mostly affected by the fundamental event. The reason for this is because of the US president Donald Trump's administration slapping tariffs on aluminum and steel for its close allies. Namely, Canada, Mexico, and the European Union.
The pair has been trading in high volatility during the last four days fluctuating between 1.28 and 1.30 range since it was announced. However, the first half of Monday's session was relatively calm.
Due to the uncertainty in the market, it is very difficult for technical analysis to play out. It would be advised for traders to stay clear of the US currency pairs in the short term.