| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Pound Sterling has soared by 2.68% against the Canadian Dollar since November 11. The currency pair breached the upper boundary of an ascending channel pattern on November 23.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, bulls could continue to pressure the exchange rate higher during the following trading sessions.
However, a resistance level at 1.7500 might provide a technical barrier for bullish traders within this week's trading sessions.