| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Canadian Dollar has edged lower by 3.30% against the Japanese Yen since July 5. The currency pair breached the lower boundary of a descending channel pattern at 87.15 during last week's trading sessions.
All things being equal, the exchange rate is likely to continue to decline during the following trading sessions. A breakout through the lower line of the channel pattern could occur.
However, if the descending channel holds, bullish traders might pressure the CAD/JPY currency exchange rate higher during next week's trading sessions.