| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Pound Sterling has surged by 1.31% against the Canadian Dollar since February 4. The GBP/CAD currency pair breached the 1.7600 level during this week's trading sessions.
All things being equal, the exchange rate could continue to edge higher in an ascending channel pattern during the following trading sessions. The potential target for bullish traders would be near the 1.7800 level.
However, a support cluster near the 1.7540 area could provide support for the currency exchange rate in the shorter term.