| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
[ANNOUNCE]The common European currency has appreciated significantly against Canadian Dollar since the end of May.[/ANNOUNCE] The currency pair bounced off the lower boundary of an ascending pattern on May 30 and has since gained more than 490 base points or 3.30%.
During the last week, the 55-, 100-, and 200-hour SMAs have moved below the price action and could be set to push the exchange rate higher during the following weeks.
As for near future, the EUR/CAD currency exchange rate is likely to continue its movement north until it breached the upper boundary of the ascending channel.