| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The British Pound has been appreciating in an ascending channel pattern against the Canadian Dollar since the beginning of September. The currency pair has appreciated about 7.97% in value during the past three months.
As for the near future, the GBP/CAD exchange rate will most likely continue to appreciate in the channel pattern. The potential target for bullish traders would be at a resistance cluster formed by the monthly R1 and the weekly R2 near the 1.7362 area.
Furthermore, technical indicators suggest that the currency exchange rate will continue its bullish movement in the nearest future.