| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Canadian Dollar has been edging higher in an ascending channel against the Japanese Yen since the beginning of December. The currency pair has surged by 2.81% in value during this period.
All things being equal, the exchange rate might make a brief downside movement during next week's trading sessions. The potential target will be at the lower boundary of the ascending channel pattern at 82.34.
However, a support cluster formed by the 200– period simple moving average and the monthly S2 at 92.66 could provide support for the currency exchange rate during the following trading sessions.