| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 26% | 10.2% |
| Shorts | 71% | 74% | -4.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The 50– hour simple moving average pressured the US Dollar higher against the Canadian Dollar on Wednesday. The currency pair has surged by 139 pips or 1.01% in value since Wednesday's trading session.
As for the near future, the exchange rate could still make a slight upward movement. Technical indicators suggest bullish signals on both the smaller and the larger time-frame charts.
On the other hand, the currency exchange rate could slide lower towards the 100– hour simple moving average within this session.