| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The British Pound has been losing strength against the Canadian Dollar in a steep descending channel. This movement has been guided by a four-month downtrend channel.
During the past few days, a breakout through the lower border of an ascending trendline had occurred as can be seen on the chart. Furthermore, the 55-hour simple moving average has been directing the currency pair lower since July 16.
Technical indicators flash bearish signals on both the 4H and the daily time-frame. This could suggest that the GBP/CAD currency exchange rate is likely to continue moving In the descending channel during the following trading sessions.