| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Pound Sterling has been trading sideways against the Canadian Dollar since July 30. The currency pair has remained near the weekly pivot point at 1.6114 since last week's trading sessions.
It is likely that the exchange rate will continue to trade in a descending channel pattern within this week's trading sessions. The GBP/CAD pair might aim for the bottom border of the channel pattern at 1.5793 in the coming days.
Furthermore, technical indicators flash sell signals on both the daily and the weekly time-frame charts.