| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Canadian Dollar has been depreciating against the Japanese Yen after the currency pair hit the upper boundary of a long-term ascending channel pattern at 89.00. This decline could be considered as retracement from the upper border of the dominant descending channel.
Everything being equal, it is likely that the currency exchange rate continues its decline towards the bottom border of the dominant channel pattern at 84.85 during the following trading sessions.
However, it is important to note that a support level at 85.35 could hinder the CAD/JPY currency exchange rate from hitting the target soonest.