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.