Positions | Today | Yesterday | % Change | |
Longs | 40% | 46% | -15.00% | |
Shorts | 60% | 54% | 10.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar gained about 96 base points against the Canadian Dollar on Friday. The currency pair breached both the 50– and 100-hour simple moving averages during Friday's trading session.
A breakout through the upper boundary of a descending channel pattern occurred during the first part of today's session.
Given that a breakout had occurred, it is likely that the currency exchange rate aims for the 200-hour SMA at 1.3362 during the following trading session.
However, a resistance level formed by the monthly pivot point at 1.3313 could hinder such bullish movement.