Positions | Today | Yesterday | % Change | |
Longs | 38% | 43% | -13.16% | |
Shorts | 62% | 57% | 8.06% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇒ |
As expected, the US Dollar surrendered its gains under the bearish pressure on Tuesday and thus pushed the exchange rate down to the 55-, 100-, and 200– hour SMAs near the 1.2957 regions.
Bears took control of the market after the USD/CAD currency exchange rate hit the weekly resistance level at the 1.3060 mark. This resulted in the rate to lose 137-pips by the end of trading day.
The general tendency seems to be southwards; however, given that this session is trading calmly, the Greenback lack the necessary momentum to breached the 1.2831 level today.