| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Pound Sterling has appreciated by 2.44% in value against the Canadian Dollar since November 27. The currency pair hit a seven-month high at 1.7485 during yesterday's trading session.
All things being equal, the GBP/CAD exchange rate might edge lower within this week's trading sessions. The potential target will be near a support line at the 1.7202 zones.
However, technical indicators demonstrate that the currency exchange rate might continue its upward movement during the following trading days.