| 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 | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Eurozone single currency has surged by 1.90% against the Canadian Dollar since January 21. The surge was stopped by the 200– period simple moving average last week.
All things being equal, the currency pair is likely to continue to edge higher during the following trading sessions. The potential target for the exchange rate would be near the 1.5700 level.
However, the 200– period SMA at 1.5544 could still provide resistance for the EUR/CAD currency exchange rate within this week's trading sessions.