Positions | Today | Yesterday | % Change | |
Longs | 27% | 25% | 7.41% | |
Shorts | 73% | 75% | -2.74% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has continued its upside momentum against the Canadian Dollar. The currency pair appreciated about 110 base points during the end of Friday's trading session.
The exchange rate was trading near the upper boundary of an ascending channel at 1.3579 during the morning hours of Monday's trading session and could be set for a breakout.
By and large, most likely, the currency exchange rate could make a brief retracement south towards a support cluster formed by the weekly PP and the 50-hour simple moving average at 1.3532 today.