| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
GBP/CAD has been moving in a descending channel during the past two months. Within this period, the currency pair has tested the upper boundary of the prevailing pattern three times.
The currency exchange rate continues to diminish its trading range and moving along the descending channel.
Meanwhile, technical indicators flash bearish signals during this week, thus suggesting that bears might continue to grow stronger during the following trading sessions.