| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The 100– hour simple moving average has been guiding the Pound Sterling higher against the Canadian Dollar since late February. The currency pair re-tested the 100-hour SMA during last week's trading sessions.
Given that the GBP/CAD currency pair has breached a resistance cluster at 1.7692, bullish traders could push the price towards the upper boundary of a medium-term ascending channel pattern at 1.7800.
Moreover, technical indicators demonstrate that bulls could continue their dominance in the market during the following trading sessions.