Positions | Today | Yesterday | % Change | |
Longs | 65% | 66% | -1.54% | |
Shorts | 35% | 34% | 2.86% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇓ |
The Greenback managed to gain some value against the Loonie during the second half of Monday's trading session. The 1.2540 mark, however, proved to a reversal point that pressured the rate back south.
In general, the rate has failed to form distinctive peaks near the upper boundary of both ascending channels. Thus, the assumption that the US Dollar could decline this week still holds.
The ultimate low could be set at the 200-hour SMA located near the 1.24 mark. Along the way, the rate still faces various support areas, namely, the 55– and 100-hour SMAs, the weekly PP and the 61.8% Fibonacci retracement.
In the short-term, the Greenback might enter a slight consolidation period.