GBP/CAD 4H Chart: Bulls could prevail - Trade Pattern Ideas - Dukascopy Bank

Tue, 15 Oct 2019 05:33:46 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Pound Sterling appreciated by 2.88% in value against the Canadian Dollar during last week's trading sessions. The currency pair tested June 25 high level at 1.6814 on October 11.

Everything being equal, the GBP/CAD exchange rate will most likely continue to edge higher. Bullish traders might drag the price towards the 1.7047 during the following trading sessions.

Although, the upper boundary of an ascending channel pattern at 1.6850 could provide resistance for the currency exchange rate within this week's trading sessions.


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