| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The single European currency has appreciated about 1.79% in value against the Canadian Dollar since the beginning of October. The currency pair tested the upper boundary of a descending channel pattern at 1.4684 by the end of last week's trading sessions.
As for the near future, the EUR/CAD exchange rate will most likely target a support level formed by the weekly S2 at 1.4463.
However, the currency exchange rate could make a U-turn from a support cluster form by the combination of the monthly pivot point and the weekly S1 at the 1.4520 area during the following trading sessions.