Positions | Today | Yesterday | % Change | |
Longs | 33% | 36% | -9.09% | |
Shorts | 67% | 64% | 4.48% | |
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) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
Upside risks prevailed in the market on Monday, thus sending the US Dollar to advanced 69-pips against the Canadian Dollar. The currency pair managed to surpass the 55– hour simple moving average along the way but was hindered by the upper boundary of a medium-term triangle.
The 55– and 100– hour SMAs has guided the exchange rate during the first half of Tuesday's trading session. However, the pair was unable to make a significant movement either direction due to low volatility.
Technical indicators demonstrate that bulls are likely to grow stronger during the following trading sessions.