| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The single European currency versus the Canadian Dollar has been bouncing between the upper and lower bands of a triangle pattern.
The exchange rate is currently trading near the upper boundary of the triangle pattern and could be set for a breakout.
If this breakout occurs, the EUR/CAD currency pair will aim for a swing high at 1.5144 during the following trading sessions.
However, if the resistance level, formed by the upper band of the triangle pattern holds, a decline towards a support line set by the weekly pivot point at 1.5026 could follow in the short-term.