| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
EUR/CAD has been moving in a five-week channel down. The pair was trading near its bottom boundary for several sessions, thus implying a possible breakout south. However, Euro bulls managed to gather the necessary momentum earlier this week and push towards the upper boundary of this pattern.
At the time of this analysis, the common European currency had already reversed from the given line two times and was testing the 100– and 200-hour SMAs near 1.5580 mid-today.
The steepness of the dashed channel demonstrates that the senior pattern is likely to surrender within the following sessions, thus resulting in a subsequent surge. A possible target during the following two weeks is the 23.60% Fibonacci retracement and the monthly PP near 1.5870.