| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Pound Sterling has declined by 1.32% against the Canadian Dollar since October 1. The currency pair breached a three-month low at 1.7000 during last week's trading sessions.
All things being equal, the exchange rate could continue to trend lower in a narrow descending channel pattern during the following trading sessions. The potential target for sellers will be near the 1.6750 area.
However, the currency exchange rate could encounter support at the 1.6850 level within this week's trading sessions.