| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Eurozone single currency has surged by 1.63% against the Canadian Dollar since May 11. The currency pair breached the upper boundary of a descending channel pattern at 1.5249 during last week's trading sessions.
As for the near future, the EUR/CAD exchange rate would continue to edge higher. Bullish traders might target the 1.5450 area within this week's trading sessions.
On the other hand, the currency exchange rate could make a U-turn from the weekly PP at 1.5249 and continue to trade in the descending channel pattern during the following trading sessions.