| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Neutral | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
[ANNOUNCE]Previously it was noted that the EUR/CAD currency pair reached the lower trend line of a dominant descending pattern. The rate attempted to pass the support of the pattern three times, as observed on the four hour chart. [/ANNOUNCE]
However, most recently the pair managed to break above a resistance line, which was pressuring the previously mentioned attempts to break out of the dominant pattern. Due to that reason it is assumed that the rate is set to reveal a new medium scale pattern in the near future.
Although, in the short term the pair is set to face the downwards pressure put up by the 55-period SMA, which was heading lower on Friday.