Positions | Today | Yesterday | % Change | |
Longs | 68% | 72% | -5.88% | |
Shorts | 32% | 28% | 12.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
The US Dollar was trading sideways against its Canadian counterpart since late Monday. This sentiment, however, changed mid-today when the rate dashed through the 55-hour SMA and remained slightly above the monthly S2 and the 100-hour SMA.
It is likely that this support is breached, thus paving the way for a more significant cluster set by the 200-hour SMA and the 23.6% Fibo. This might be a turning point that should guide the Greenback towards the 55-hour SMA.
Given that the Federal Market Open Committee is to report on the US economic projections at 1800GMT, the previously-made assumption about the rate's possible direction could be changed dramatically.