| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇘ |
The British Pound has been trading in a long-term ascending channel against the Canadian Dollar. The rate bounced off the bottom boundary of a dominant pattern on September 8, 2017, and has since reached a nine-month high at 1.8294.
Given that the exchange rate is moving towards the upper border of a secondary channel, a breakout is likely to occur during the following trading sessions. However, a resistance set by the monthly R3 at 1.8304 could force the currency pair to retrace south.
Technical indicators suggest that the GBP/CAD exchange rate could continue trading upside. Nevertheless, a retracement south is likely within the next 72 hours.