| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
[ANNOUNCE]The common European currency has declined by 2.49% in value against the Canadian Dollar since the beginning of February. The decline began after the currency pair tested the 200– period simple moving average at 1.4714 on February 3. [/ANNOUNCE]
As for this week's trading sessions, the exchange rate will most likely continue to edge lower. Bears could drive the EUR/CAD pair towards the psychological level at the 1.4100 area.
However, the currency exchange rate might make an upside reversal from a support cluster formed by the weekly S1 and the monthly S3 at 1.4291 during the following trading sessions.