| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Pound Sterling has declined by 2.44% against the Canadian Dollar since December 1. The currency pair breached the 1.7000 level during yesterday's trading sessions.
Everything being equal, the GBP/CAD pair could continue to decline during the following trading sessions. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the channel pattern holds, a surge towards a resistance cluster at the 1.7240 area could be expected within this week's trading sessions.