EUR/CAD 4H Chart: Channel Up

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) Sell Neutral Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Although the common European currency already met with the long term, most dominant channel's support against the Canadian Dollar, another retreat to reconfirm the trend line has occurred. 

Actually, the rate recently reconfirmed the ascending channel pattern's upper trend line twice, as it rebounded against the trend line and the monthly S1 just below the 1.47 mark.  

In the near future the pair is set to reach the combined resistance of the weekly PP near 1.4825 mark together with various approaching SMAs. However, even if a decline occurs, the long term support should force the pair higher.

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