Positions | Today | Yesterday | % Change | |
Longs | 43% | 34% | 20.93% | |
Shorts | 57% | 66% | -15.79% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇘ | ⇑ | ⇒ |
The Buck has maintained its gradual movement northwards. By mid-Tuesday its gained 60 basis points against the Canadian Dollar.
Following a breakout from the 55-hour simple moving average, the USD/CAD pair also breached the upper boundary of a channel down. This might indicate that the rate is likely to continue moving upwards later this week. However, this surge could encounter resistance set by the weekly PP and the 100-hour SMA near the 1.2874 mark.
If the currency exchange rate moves past the aforementioned resistance cluster, the nearest barrier is the weekly R1, while a more realistic upside target for today is 1.2887 where the 200-hour SMA is located.