| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Eurozone single currency has surged by 1.90% against the Canadian Dollar since April 1. The currency pair breached the 1.5000 level during last week's trading sessions.
The EUR/CAD currency exchange rate is likely to make a brief retracement towards a support level at the 1.4800 area during the following trading sessions.
A potential upside reversal could occur from the support line at 1.4800 level during this week's trading sessions and could target the upper line of a descending channel pattern at 1.5184.