| 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 | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Pound Sterling has declined by 1.58% against the Canadian Dollar since last week's trading sessions. The currency pair was pressured lower by the 200– period simple moving average during this period.
The exchange rate is most likely to continue to edge lower during the following trading sessions. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the channel pattern holds, buyers could drive the GBP/CAD currency exchange rate higher this week.