| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The Eurozone single currency has edged lower by 2.02% against the Canadian Dollar since last week's trading sessions. The exchange rate was pressured lower by the 200– period simple moving average.
The currency pair is currently testing a resistance cluster formed by the 50– and 100– period SMAs at 1.5274.
If the EUR/CAD pair breaks the resistance cluster, a surge towards the 1.5500 area could be expected within this week's trading sessions.
However, if the 50– and 100– period SMAs holds, bearish traders would continue to pressure the currency exchange rate lower during the following trading sessions.