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USD/CAD pressured by SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%36%14.5%
Shorts58%64%-10.6%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇗⇘

[ANNOUNCE]The US Dollar has been depreciating in a junior descending channel pattern against the Canadian Dollar since November 14. The currency pair declined by 34 basis points during yesterday's trading session.[/ANNOUNCE]

All things being equal, the USD/CAD exchange rate will most likely continue to edge lower in the descending channel during the following trading session. Bears could drive the price towards the 1.3180 area.

However, a support level formed by the weekly S1 at 1.3198 could provide support for the currency exchange rate in the shorter term.

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19 Nov 2019

NZD/USD sets for breakout

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19 Nov 2019

EUR/JPY could edge up

PositionsTodayYesterdayChange Longs59%53%10.2% Shorts41%47%-14.4% Indicator4H1D1W MACD(12;26;9)BuyBuySell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyNeutralNeutral SAR(0.02;0.2)SellBuyBuy Aggregate⇒⇗⇒ [ANNOUNCE]The common European currency reversed north from the lower boundary of a descending channel pattern against the Japanese Yen on November 14. As a result, the currency pair has appreciated about 1.10% in value during this period.[/ANNOUNCE]Everything being equal, the EUR/JPY exchange rate will likely continue to edge higher