Positions | Today | Yesterday | % Change | |
Longs | 59% | 63% | -6.78% | |
Shorts | 41% | 37% | 9.76% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
The Greenback continues to appreciate against the Canadian Dollar in a slight upside movement. The rate found support at the 55-hour SMAs and afterwards at the 50.0% Fibonacci retracement, demonstrating that there are no obstacles restricting it up to the weekly R1 and the 61.8% Fibo near 1.2430.
A failure to test the upper channel boundary could signal to a possible change in sentiment. In case the US Dollar reverses at the aforementioned resistance cluster, it might enter a short-term consolidation period, thus ranging between the weekly R1 and the monthly S1. The latter is located near the 55– and 100-hour SMAs that will require substantial force to let the pair through these moving averages.