Positions | Today | Yesterday | % Change | |
Longs | 64% | 64% | 0.00% | |
Shorts | 36% | 36% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇘ |
As apparent on the chart, the US Dollar has remained stable against its Canadian counterpart during the previous trading session.
As already expected, the pair breached the steep short-term descending channel and the 55-hour SMA, but this slight appreciation was nevertheless stopped by the 100-hour SMA near 1.2550.
The US Dollar is still showing weakness against major currencies in this session. However, this situation should soon change, thus allowing for a surge up to the 200-hour SMA.
Even if the pair is pushed lower in this session, the weekly S1 at 1.2480 could provide an unbreakable barrier that would send the pair for a re-test of the 100-hour SMA.