| 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) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Eurozone single currency has surged by 2.29% against the Canadian Dollar since the beginning of June. The currency pair breached the 50-, 100– and 200– period SMAs during this period.
Technical indicators demonstrate buying signals on both the smaller and the larger time-frame charts. Therefore, the EUR/CAD exchange rate could continue to surge within this week's trading sessions.
However, a resistance cluster formed by the weekly R1 and the monthly R1 at 1.5446 could provide resistance for the currency exchange rate during the following trading sessions.