| Positions | Today | Yesterday | % Change | |
| Longs | 56% | 52% | 7.14% | |
| Shorts | 44% | 48% | -9.09% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇑ | ⇗ | ⇒ | |
Bears managed to regain control of the market on Friday. By the end of trading day, the USD/CAD currency pair has lost 50 basis point. However, the decline was stopped by the weekly pivot point at 1.2827.
Given that the exchange rate has picked up bearish momentum, it is likely that a breakout through the lower boundary of a junior pattern could occur during the following trading session.
Two situations are likely to take place within the next 24hrs. First, the pair might reverse from the bottom border of the junior channel and continue its upward movement. Second, the aforementioned breakout could occur and starts a new trend. Meanwhile, technical indicators suggest the first scenario is likely to take place.