| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The single European currency versus the Canadian Dollar bounced off the lower boundary of an ascending channel pattern at 1.5400 on December 10. As a result, the exchange rate has surged by 1.56% during this period.
The EUR/CAD currency pair could continue to edge higher during the following trading sessions. A breakout through the upper line of the channel pattern might occur this week.
However, if the ascending channel pattern holds, bearish traders are likely to pressure the currency exchange rate lower within this week's trading sessions.