| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Great British Pound has declined by 1.49% against the Canadian Dollar since April 5. The currency pair breached the 50– period simple moving average during last week's trading sessions.
As for the near future, the exchange rate could continue to edge lower during the following trading sessions. The potential target for bearish traders will be near the weekly S1 at 1.7067.
However, the support level at 1.7168 could still provide support for the GBP/CAD currency exchange rate within this week's trading sessions.