USD/CAD selling signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%64%-0.2%
Shorts36%36%0.4%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇒⇒

[ANNOUNCE]The US Dollar surged by 40 pips or 0.30% against the Canadian Dollar on Friday. The currency pair tested the upper border of a descending channel pattern at 1.3330 during Friday's trading session.[/ANNOUNCE]

The exchange rate reversed from the upper boundary of the descending channel late Friday session. Most likely, bearish traders will pressure the USD/CAD pair lower today.

However, a support cluster formed by the monthly pivot point and the weekly S1 at 1.3243 could provide support for the currency exchange rate during the following trading session.

Actual Topics