| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Pound Sterling has declined by 2.13% in value against the Canadian Dollar since last week Friday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, the GBP/CAD pair will most likely continue to decline. The exchange rate could target the monthly S2 at 1.6782 during the following trading sessions.
However, an upside reversal could occur from the psychological support level at 1.6900 within this week's trading sessions.