Positions | Today | Yesterday | % Change | |
Longs | 70% | 67% | 4.29% | |
Shorts | 30% | 33% | -10.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇒ |
The USD/CAD breached the 50-hour SMA 1.2917 and reached the 100-hour SMA at 1.2938 on last Friday.
Currently, the pair is trading near the weekly PP at 1.2956. If this resistance level is unable to hold, the rate could go upwards to the 200-hour SMA at the 1.2980 mark.
However, given that technical indicators flash bearish signals for both 4H and 1D time frames, the currency exchange rate could step lower to the monthly S1 located at 1.2900.