| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Pound Sterling versus the Canadian Dollar has been moving in an ascending channel since late August. The currency pair pulls back from the lower boundary of a junior ascending channel on August 27 and followed by an upside wave.
The exchange rate tested a resistance cluster formed by the combination of the weekly and the monthly PPs at 1.7173 on September 10 and followed by a short period of decline.
Given that the GBP/CAD currency exchange rate has breached the 50-hour simple moving average and the weekly pivot point at 1.6985, a potential breakout through the lower boundary of the ascending channel could be expected during the following trading session. The next targets for bear's trading could be a support cluster set by the 100– and 200-hour SMAs and the monthly PP at 1.6864.