| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The GBP/CAD exchange rate has been trading in an ascending channel for the last two weeks. This pattern was formed when the pair breached the 55-, 100– and 200-hour SMAs.
This bullish momentum has sent the rate close to the other channel line located near 1.7155. It is expected that the pair could reverse from the upper boundary of a long-term channel in the nearest future, and the general movement is expected to be downwards within the following weeks.
An important level to look out for if the support cluster formed by a combination of the 200-hour SMA, the weekly and monthly PPs near 1.6850.