GBP/CAD 4H Chart: Hit 7-month high - Trade Pattern Ideas - Dukascopy Bank
Tue, 10 Dec 2019 05:59:52 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Pound Sterling has appreciated by 2.44% in value against the Canadian Dollar since November 27. The currency pair hit a seven-month high at 1.7485 during yesterday's trading session.
All things being equal, the GBP/CAD exchange rate might edge lower within this week's trading sessions. The potential target will be near a support line at the 1.7202 zones.
However, technical indicators demonstrate that the currency exchange rate might continue its upward movement during the following trading days.
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