| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Pound Sterling soared by 2.85% against the Canadian Dollar during last week's trading sessions. The GBP/CAD currency pair violated the upper boundary of a descending channel pattern at 1.7300 on December 17.
As for the near future, the exchange rate is likely to continue to trend bullish. A breakout through the upper line of the descending channel pattern could occur during the following trading sessions.
However, a resistance level at 1.7435 might provide a barrier for bullish traders within this week's trading sessions.