Positions | Today | Yesterday | % Change | |
Longs | 58% | 59% | -1.72% | |
Shorts | 42% | 41% | 2.38% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Neutral | Neutral | |
RSI (14) | Sell | Buy | Sell | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇘ |
The US Dollar reached the upper boundary of a large-scale triangle against the Canadian Dollar.
As shown on the chart, the currency exchange rate formed a flag. The 200—hour simple moving average is restricting USD/CAD from making further gains.
As for near future, traders should look for opportunities to trade in either direction once there is a breakout from the SMAs. In addition, technical indicators suggest that the currency pair could breach the resistance at 1.2556.