| 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) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Eurozone single currency has surged by 3.84% against the Canadian Dollar since July 21. The currency pair tested the upper boundary of an ascending channel pattern at 1.5974 during Friday's trading session.
All things being equal, the EUR/CAD exchange rate could continue to trend bullish. A breakout through the upper line of the ascending channel pattern could occur within this week trading sessions.
However, the currency exchange rate is expected to make a brief pullback towards the monthly support level at 1.5615 during the following sessions.