Positions | Today | Yesterday | % Change | |
Longs | 52% | 48% | 7.69% | |
Shorts | 48% | 52% | -8.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇗ | ⇒ |
The US Dollar declined massively against the Canadian Dollar on Wednesday. The currency pair lost about 0.99% of its values during the end of Wednesday's trading session.
Everything being equal, it is expected that the USD/CAD currency pair makes a brief pullback towards a resistance cluster formed by the 50– and 100-hour SMAs at 1.3080 during the following trading session.
However, the 200-hour simple moving average at 1.3042 could hinder the currency exchange rate from reaching the given target as mentioned earlier today.