Positions | Today | Yesterday | Change |
Longs | 25% | 31% | -22.7% |
Shorts | 75% | 69% | 7.7% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Neutral | Buy |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
The Greenback depreciated by 91 base points against the Canadian Dollar on Friday. The exchange rate breached the 50-hour simple moving average at 1.3263 during Friday's trading session.
As for the near future, it is likely that the currency pair will continue to fall in the short-term. The possible downside target will be near the lower boundary of a junior ascending channel pattern at 1.3186.
However, it is important to note that a support cluster set by the 100-hour simple moving average and the weekly pivot point at 1.3232 could hinder such movement to occur today.