Positions | Today | Yesterday | % Change | |
Longs | 44% | 46% | -4.55% | |
Shorts | 56% | 54% | 3.57% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The US Dollar remained relatively stable against its Canadian counterpart on Thursday, as the pair was fluctuating around the 1.2850 mark. The US labour data released mid-session added some bearish sentiment in the market, but the pair nevertheless failed to move below the 55-day SMA at 1.2805.
Technical indicators suggest that it could still appreciate during the following session. A possible increase in price is likewise apparent on the chart, as the five-month high of 1.2910 has not yet been reached. This area could then be se as the most probable upside target.
On the other hand, a breakout of the 55-hour SMA would not send the pair far south, given that the 200– and 100-hour SMAs, the weekly PP and the monthly S1 are located nearby.