Positions | Today | Yesterday | % Change | |
Longs | 52% | 64% | -23.08% | |
Shorts | 48% | 36% | 25.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Neutral | |
RSI (14) | Sell | Sell | Sell | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar maintained a stable position against the Canadian Dollar on Wednesday, thus trading within the range for the whole session.
The exchange rate edged slightly higher during the early hours of Thursday's trading session, however, no significant changes occurred due to a resistance cluster set by the monthly R1 and the weekly R2 near 1.2751.
Given that technical signals indicate that the USD/CAD pair is in the overbought zone, the price movement could make a brief retracement south.