USD/CAD bullish signals today

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 48% 54% -12.50%
Shorts 52% 46% 11.54%
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 Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar has continued to trade sideways against the Canadian Dollar. The currency pair maintained Monday's trading range of 1.3128 and 1.3084 during yesterday's session.

Technical indicators on the 4(H) time frame flashes strong buy signals. Therefore, it is likely that bullish momentum could sway the USD/CAD currency pair during the following trading session.

If this scenario occurs, the potential target for the bullish traders will be at the upper boundary of a three-week ascending channel at 1.3185.

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