| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Pound Sterling has been depreciating against the Canadian Dollar in a steep descending channel. This movement has been guided by a four-month junior descending channel.
During the past few days, the 55-hour simple moving average has pushed the currency pair towards the lower boundary of a dominant ascending channel. However, this decline stopped by the weekly S2 at 1.6647.
As for the near future, it is likely that the exchange rate makes a northern movement towards a resistance cluster formed by the weekly, the monthly PPs and the 55-hour SMA at the 1.6921 regions during the following trading sessions.