| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Pound Sterling has depreciated about 445 base points against the Canadian Dollar since last week's trading session. The currency pair breached the three SMAs during this time period.
Everything being equal, it is likely that the GBP/CAD exchange rate will edge higher during the following trading sessions.The potential upside target will be near the weekly pivot point at 1.7516.
However, it is expected that the currency exchange rate falls toward a support level at 1.7234 before an upward movement occurs.