GBP/CAD 4H Chart: Pullback expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

The British Pound appreciated about 2.82% in values against the Canadian Dollar during last week's trading session. The currency pair reached near June 2018 high at 1.7629.

Everything being equal, it is likely that the currency exchange rate makes a retracement towards the 100– and 200-hour simple moving averages at 1.7247 within this week's trading session. 

Meanwhile, technical indicators demonstrate that bulls will continue to dominate the GBP/CAD pair during the following trading sessions.

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