| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Pound Sterling traded sideways against the Canadian Dollar during last week's trading sessions. The currency pair has been trading along with the 50-hour simple moving average since last week.
A breakout is likely to occur during the following trading sessions. Technical indicators suggest a southern breakout.
Furthermore, given that the 50-, 100– and 200-hour simple moving averages are above the price level, bears could push the currency exchange rate towards a support level formed by the weekly S3 at 1.6842 in the shorter term.