| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The British Pound has declined by 1.93% against the Canadian Dollar since the beginning of August. The currency pair tested the lower boundary of an ascending channel pattern at 1.7250 on August 14.
Currently, the exchange rate is trading near the bottom line of the ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the psychological level at 1.7000 during the following trading sessions.
However, if the channel pattern holds, bullish traders could target the swing high at the 1.7650 level by the end of this week's trading sessions.