Positions | Today | Yesterday | % Change | |
Longs | 59% | 58% | 1.69% | |
Shorts | 41% | 42% | -2.44% | |
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 | ⇘ | ⇘ | ⇘ |
To do the review of the USD/CAD currency exchange rate Dukascopy Analysts expected and first covered the Bank of Canada rate announcement.
The rate was hiked. However, due to it being perfectly predicted prior to the event, the fundamental event only caused a large increase of volatility.
Due to that reason the short and medium technical pattern drawing for the time being has become obsolete.
Although, one can look at the dominant trend lines and see that the pair only slightly bounced out of the drawn borders of two long term patterns. The patterns combined indicate that eventually the pair should decline.