EUR/CAD 4H Chart: Pressured by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate ⇘ ⇘ ⇗

The single European currency has been trading sideways against the Canadian Dollar since January 8. The 200-hour simple moving average was providing resistance at 1.5266.

he exchange rate is currently trading near the bottom border of an ascending channel at 1.5232.

If the support level formed by the lower boundary of the channel pattern holds, the currency exchange rate could aim for a resistance cluster at 1.5405 within this session.

However, if the price breaks the channel pattern, the decline of the EUR/CAD pair will continue during this week trading sessions.

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Tue, 15 Jan 2019 07:31:46 GMT

EUR/AUD 4H Chart: Breakout occurs

The Eurozone single currency has depreciated about 1.54% against the Australian Dollar since January 8. The exchange rate was pressured south by the 50-hour simple moving average, which was providing resistance for the pair at 1.6200.

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