| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Buy |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
CAD/JPY has been guided by several channels the most prominent of which is a three-month descending channel. The rate has likewise been stranded in a channel up since early March. The bottom boundary of this short-term pattern was being tested circa 81.60 at the time of this analysis. Converging technical indicators suggest that this area could be a reversal point. Even if the Loonie declines even further, as shown by daily technical indicators, losses should be limited by the monthly S1 at 81.00. In general, it is expected that the pair tries to reach the upper boundary of the senior channel during the following weeks. In the short term, however, the combined resistance of the 55– and 200-hour SMAs or the 100-hour SMA and the weekly PP at 82.26 and 82.75, respectively, could limit the pair for a brief period of time and even push it lower for a few sessions.