| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Canadian Dollar has been trading in two different directions against the Japanese Yen. The most important of which is the junior ascending channel which has guided the price movement up.
Given that a breakout had occurred through the upper boundary of a dominant channel, the currency pair could be poised for a long-term surge. However, the rate has to surpass a resistance level formed by the weekly pivot point near the 85.69 area.
The SWFX market sentiment is bullish; therefore, the CAD/JPY currency exchange rate is likely to continue moving north until it reaches the upper border of the junior pattern.