Positions | Today | Yesterday | % Change | |
Longs | 52% | 45% | 13.46% | |
Shorts | 48% | 55% | -14.58% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Neutral | Neutral | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇗ | ⇘ |
The Greenback continue its movement in an ascending channel against the Canadian Dollar. By the end of trading day on Monday, the currency pair has moved past the double-header resistance level at 1.2920.
During the second part of Tuesday's trading session, the USD/CAD currency pair has accumulated more than 100 base point. The exchange rate is moving upwards to test the upper boundary of a large-scale triangle. A strong support cluster formed by the combination of the 55-, 100-, and the 200– hour SMAs has helped in pushing the rate higher.
As for near future, bulls are likely to continue their dominance over the currency exchange rate until it reaches the aforementioned up border.