| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]The common European currency has surged by 177 pips or 1.17% against the Canadian Dollar since June 19. The currency pair breached the 50-, 100– and 200– hour SMAs during this period. [/ANNOUNCE]
As for the near future, the exchange rate could continue to edge higher within this week's trading sessions. The potential target for the EUR/CAD pair would be at the 1.5481.
However, the weekly R1 at 1.5415 could provide resistance for the currency exchange rate during the following trading sessions.