| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Eurozone single currency has surged by 1.22% against the Canadian Dollar since October 14. the currency pair tested the 200– period simple moving average at 1.5564 during last week trading sessions.
Currently, the exchange rate is trading near the upper line of a descending channel pattern at 1.5567 and could be set for a breakout.
If the breakout occurs, a surge towards the monthly resistance level at 1.5752 could be expected within this week trading sessions.
However, if the channel pattern holds, bears are likely to prevail during the following trading sessions.