| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency continues to lose value against the Canadian Dollar, and the rate is set to continue to decline in the future. However, the pair is set to find loads of support in the short term.
There are two base scenarios. First the pair might find support in one of the various support levels form 1.4470 to 1.4550 levels. Afterwards it could surge, break the junior descending channel and reveal a more dominant medium term pattern.
The second scenario would consist of the already drawn junior channel down pattern holding its ground and breaking through the various support levels until the rate reaches below the 1.44 mark.