| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Canadian Dollar is trading against the Japanese Yen in one-year long rising wedge pattern. During the latest rebound it has also formed a medium-term descending channel.
Since the latest downfall on October 25 the pair could not recover and bypass the 200-hour SMA. In a similar way, the latest attempt to break through combined resistance set up by the 55- and 100-hour SMA plus the monthly PP only led to another plunge.
Fortunately, the bulls managed to turnaround the rate near at the 87.60 level. As further road to the south is protected by another support zone near the 87.30 mark, the pair is expected to spend the present week in gradual recovery.
Another rebound is likely to happen once the rate reaches the above moving averages or due to some macroeconomic news, such as Canadian Core Retail Sales.