| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Great British Pound has depreciated about 2.03% in value against the Canadian Dollar since May 14. The exchange rate has revealed a new narrow descending channel pattern.
As for the near future, it is likely that a breakout could occur through the lower boundary of the descending channel pattern at 1.7088 during the following trading sessions.
However, the currency exchange rate could reverse from the current price level at 1.7088 and aim for a resistance line at 1.7306 in the short-term.