| 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 | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
After a sharp decline during the end of August, the Pound Sterling is gradually gaining strength against the Canadian Dollar. The currency pair appreciated about 2.13% in value during last week's trading sessions.
As for the near future, the exchange rate will most likely continue its bullish momentum. Bullish traders might target a resistance level formed by the weekly R2 at 1.6537.
Although, a resistance cluster set by the weekly R1 and the monthly R1 near the 1.6400 regions could hinder the bullish movement within this week's trading sessions.