| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Eurozone single currency has been constrained by a dominant ascending channel against the Canadian Dollar. However, a new junior descending channel has been spotted.
After hitting the upper boundary of the dominant channel, the currency pair began to decline and has formed a new wave south. The combination of the 55-, 100-, and the 200– hour SMAs demonstrate that the decline is likely to be long-term.
Technical indicators suggest that bears dominance over the EUR/CAD currency exchange rate could continue until it reaches the bottom border of the junior channel where the weekly pivot point at 1.5360 is located.