Positions | Today | Yesterday | % Change | |
Longs | 66% | 56% | 15.15% | |
Shorts | 34% | 44% | -29.41% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇘ |
The US Dollar's rebound against the Canadian Dollar has on Tuesday done two notable moves.
First of all the pair has passed the previously significant resistance of the 55-hour SMA. By the middle of Tuesday's trading the simple moving average had moved to support a monthly level of significance near the 1.2420 mark.
Secondly, the pair had encountered the resistance line of a medium term channel down pattern near the 1.2440 level.
In regards to the near future, the pair is set to be squeezed in between the two mentioned levels. Afterwards, a break out should occur.