Positions | Today | Yesterday | % Change | |
Longs | 67% | 69% | -2.99% | |
Shorts | 33% | 31% | 6.06% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇓ |
Bulls continue their dominance over the USD/CAD pair. After a short period of consolidation during Wednesday's trading session, the pair continued to rally and moved past the weekly R2 at 1.2559.
Overall, the junior ascending channel still holding. The 55—hour simple moving average provides enough support to push the price further north.
In regards to the near future, analysts expect that the currency exchange rate is likely to continue its rally until it is stopped by the monthly pivot point at 1.2681.