| 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 has appreciated about 2.11% in value against the Canadian Dollar since last week's trading session. The currency pair re-tested June 2018 high level at 1.7789 during Monday's trading session.
The exchange rate was trading near a support cluster formed by the 50– hour simple moving average and the weekly PP at 1.7646 during the morning hours of today's session.
If this support cluster holds, the currency exchange rate will aim for a new 2019 high levels during the following trading sessions.
On the other hand, if the GBP/CAD pair passes the cluster as mentioned above, bearish traders could push the pair towards the 200-hour SMA at 1.7411.