| Indicator | 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) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
[ANNOUNCE]The Canadian Dollar has declined by 3.15% against the Japanese Yen since the beginning of April. The currency pair breached the 50– and 200– period SMAs during last week's trading sessions.[/ANNOUNCE]
The exchange rate bounced off the lower line of an ascending channel pattern at 85.50 during yesterday's trading session. Most likely, the CAD/JPY pair could continue to edge higher this week.
However, the upper line of a junior descending channel pattern and the 50– period simple moving average at 86.68 could provide resistance for the currency exchange rate in the shorter term.