Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Buy | Buy | Neutral |
Stochastic (5; 3) | Buy | Neutral | Sell |
Alligator (13; 8; 5) | Sell | Sell | Neutral |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
After reaching the weekly pivot point at 91.62, the Canadian Dollar began to decline against the Japanese Yen.
The currency exchange rate had breached the lower boundary of a dominant channel where the monthly S3 is located and is slowly moving downwards to test the weekly support at 80.98.
Regarding the near future, the CAD/JPY pair is likely to continue trading in the junior pattern. However, a reverse north could occur at the aforementioned weekly support.