| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The GBP/CAD exchange rate has appreciated about 1.55% in value against the Canadian Dollar since last week trading sessions. The rate breached the upper boundary of a descending channel pattern at 1.6327 on July 19.
The currency pair was trading between the 100-hour simple moving average at 1.6389 and the 50-hour SMA at 1.6320 during the morning hours of Tuesday's trading session.
Most likely, the British Pound could aim for the 1.6650 area during the following trading sessions.
Although, the 100-hour SMA could provide resistance for the currency exchange rate within this week sessions.