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GBP/CAD 4H Chart: Tests 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE]The British Pound has continued its decline against the Canadian Dollar during the past week. The currency pair was pressured down by the 50-hour simple moving average.
[/ANNOUNCE]
The exchange rate was trading near the upper boundary of a descending channel pattern at 1.6828 during the morning hours of Tuesday's trading session and could be set for a breakout.

However, a resistance level formed by the 50-hour SMA at 1.6828 could restrict bullish traders from pushing the currency exchange rate higher during the following trading sessions.

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26 Jun 2019

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21 Jun 2019

GBP/CHF 1H Chart: Short-term decline expected

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