| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
CAD/JPY has formed an ascending wedge in force since early July. The starting period of this pattern was rather chaotic; however, the last wave downwards did form a neat channel down. The given channel was breached to the upside on Monday, being followed by slight appreciation up to the 89.60 mark. Subsequently, the Canadian Dollar lost some ground against the Yen, thus approaching the upper channel line. Technical indicators favour further depreciation; however, it is yet to be seen if the rate reverses near the 89.00 mark or edges even lower to test the bottom wedge boundary circa 88.70. These levels are reinforced by the 55– and 200-hour SMAs, respectively. By and large, the current up-trend is starting to decrease in strength that may indicate to a possible breakout south in the upcoming week.