USD/CAD pressure by 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.