| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The single European currency has appreciated substantially against the Canadian Dollar during the past one month. This 668 pips surge was constrained in an ascending channel pattern.
Following a reversal from the dominant ascending channel on June 25, The Euro breached the 55– and 100-hour SMAs located 1.5413/1.5344. The currency pair also tested the bottom border of the junior pattern.
The high positioning of technical indicators on the four-hour time frame and the daily time-frame suggest the EUR/CAD currency exchange rate could continue moving in the ascending channel during the following trading sessions.