Positions | Today | Yesterday | % Change | |
Longs | 47% | 52% | -10.64% | |
Shorts | 53% | 48% | 9.43% | |
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 | ⇗ | ⇗ | ⇒ |
As described before the break out of a triangle on the USD/CAD pair was stopped and a surge began on Friday. However, the surge has gained much more ground than expected. Due to that reason a larger look at the pair was conducted by Dukascopy analysts.
It was revealed that there is a dominant channel up pattern, whose support was touched together with the rest of the support lines. In accordance with that pattern a rebound should have broken the previously watched patterns.
Exactly that has occurred. Due to that reason the pair needs to be watched closely as new trend lines will be discovered.