| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
During the past two weeks, the Eurozone single currency has appreciated about 1.52% in value against the Canadian Dollar. The currency pair tested the weekly R1 at 1.4755 during last week's trading sessions.
The exchange rate is currently testing a support level, located near the lower boundary of an ascending channel pattern at 1.4649.
If the support level holds, the currency exchange rate will most likely continue its upward movement within this week's trading sessions.
However, if the EUR/CAD pair breaks the ascending channel pattern, bearish traders could control the price in the short-term.