| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Pound Sterling has declined by 1.69% against the Canadian Dollar since last week's trading sessions. The currency pair tested the lower boundary of an ascending channel pattern at 1.7566 on February 26.
Currently, the exchange rate is trading near the lower line of the channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the weekly S2 at 1.7387 could be expected during the following trading sessions.
However, if the ascending channel pattern holds, bullish traders are likely to pressure the currency exchange rate higher within this week's trading sessions.