| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The single European currency has edged lower by 1.00% against the Canadian Dollar since the beginning of February. The currency pair breached the 50– period SMA last week.
Technical indicators suggest selling signals on the daily time-frame chart. The exchange rate will most likely continue to decline during the following trading sessions.
However, bears are likely to encounter a support level formed by the weekly S1 at 1.5333 within this week's trading sessions.