Positions | Today | Yesterday | % Change | |
Longs | 71% | 74% | -4.23% | |
Shorts | 29% | 26% | 10.34% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇓ |
The USD/CAD currency exchange rate had a quite turbulent Wednesday, as the Greenback depreciated against the Loonie by 1.09% and, in the result, broke through the southern boundaries of a medium-term and short-term channels. To a large extent the downfall was caused by disappointing news coming from both the White House and Census Bureau.
After finding support below the weekly S1 at 1.2625, the currency pair started a gradual recovery. Most likely, today traders will try to push the price back to the 1.2711 mark that represents a point, from which the drop has initially started.
On the one hand, market sentiment has not practically changed since yesterday and remains 71% bullish. On the other hand, a summary of technical indicators for the 5H and 1D timeframes send clear sell signals.