Positions | Today | Yesterday | % Change | |
Longs | 64% | 63% | 1.56% | |
Shorts | 36% | 37% | -2.78% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Neutral | |
RSI (14) | Sell | Sell | Sell | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
As shown on the chart, the Buck has remained stable against the Loonie during the previous trading session.
As expected, the currency pair breached weekly pivot point at 1.2653. The US Dollar is showing strength against major currencies during Wednesday's trading session. However, this situation might change as traders await US data release.
Everything being equal, the US Dollar is likely to continue its surge against the Canadian Dollar until it finds resistance at the monthly R2 at 1.2725.