Positions | Today | Yesterday | % Change | |
Longs | 31% | 25% | 19.35% | |
Shorts | 69% | 75% | -8.70% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar depreciated about 83 base points against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a one-week descending channel pattern at 1.3073 during Friday's trading session.
As for the near future, it is likely that the currency exchange rate will make a brief movement up towards a resistance level formed by a traditional weekly pivot point at 1.3153.
However, the 50-hour simple moving average at 1.3123 could drive the USD/CAD currency pair towards the bottom border of a descending channel pattern.