| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The British Pound is trading against the Canadian Dollar in a pattern similar to pennant that started to form after a six-hour depreciation of the Sterling by 0.69%. Traditionally, pennants themselves are made of symmetrical triangles, but this time it made of an ascending triangle. From the triangle' point of view, the breakout should occur in the northern direction.
But given that it represents only a part of larger, dominant formation, the currency rate is expected to continue to move to the south. The length of the fall most likely is going to fluctuate between 100-120 basis points. A summary of various technical indicators, generally, support this scenario by sending strong sell signals.
However, this scenario will break down if the currency rate fails to bypass the weekly S2 at 1.6340.