Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Buy | Neutral | Neutral |
Alligator (13; 8; 5) | Neutral | Buy | Sell |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇗ | ⇒ | ⇒ |
The Pound Sterling has been trading in a two-week ascending channel against the Canadian Dollar. The currency pair made a U-turn north from the lower boundary of the channel on October 3.
The exchange rate opens below a support cluster formed by the combination of the weekly and the monthly PPs at 1.7089 during Monday's session.
As for the short-term future, it is expected for the currency exchange rate to aim at the three SMAs located near the 1.6963 within this session.
On the other hand, the GBP/CAD pair could fills the open gap north at 1.7115 during the following trading session.