CAD/JPY 4H Chart: Falling wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The CAD/JPY currency pair has shown no massive changes to its overall price movement during the past few weeks.

The exchange rate showed no significant changes to its price range. Moreover, the movement has been constrained by several descending patterns, the most recent of which, is a falling wedge pattern.

There is still downside potential that could drive the currency exchange rate lower toward the bottom border of the dotted downtrend channel during the following trading sessions. 

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