| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Canadian Dollar has been strengthening its position against the Japanese Yen since mid-June. This appreciation started when the rate bounced off a long-term trend-line near the 82.50 mark. As a result, the Loonie has been trading in an ascending triangle since the beginning of 2018.
Bulls were strong during the first weeks of this price increase; however, this momentum has since allayed, as indicated by the pair's inability to move past the 200-day SMA near 86.00.
In case this line is breached, the Canadian Dollar should accelerate and aim for the monthly R1 and the upper triangle line at 87.00. On the other hand, the failure to move past this long-term moving average should be met with a decline down to the 55– and 100-day SMAs and the monthly S1 at 84.50 during the following week.