EUR/CAD 4H Chart: Decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇒⇘

[ANNOUNCE]The Eurozone single currency has declined by 2.75% against the Canadian Dollar since April 20. The currency pair breached the 50– and 200– period SMAs last week.[/ANNOUNCE]

Technical indicators suggest sell signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could continue to edge lower during the following trading sessions.

However, a support level at 1.4721 might provide support for the EUR/CAD currency exchange rate in the shorter term.

Actual Topics