USD/CAD set for breaks

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%45%9.1%
Shorts51%55%-8.8%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The US Dollar depreciated about 82 base points against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a junior ascending channel pattern at 1.3317 during Friday's trading session.

A breakout through the lower boundary of the junior ascending channel pattern could be expected within this session.

If the breakout occurs, the USD/USD exchange rate will aim for the weekly S1 at 1.3274 today.

However, if the junior channel holds, a surge towards the weekly R1 at 1.3388 could following during the following trading hours.

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.