| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The CAD/JPY exchange rate has been trading upwards within a rising wedge pattern since the beginning of August.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern in the medium term. Note that the pair could face the resistance level—the monthly R1 at 82.28.
If the predetermined resistance holds, it is likely that a reversal south could occur, and the exchange rate could re-test the support level—the Fibo 23.60% at 78.44.