| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The CAD/JPY exchange rate has been testing the lower boundary of the long-term ascending channel at 80.00 since the beginning of March.
From a theoretical perspective, it is likely that a reversal north could occur in the nearest future. In this case the currency pair could target the upper channel line located near 84.50.
However, note that the exchange rate is pressured by the 55– and 100-hour SMAs in the 81.00 area. Thus, if the given channel does not hold, it is likely that some downside potential could prevail in the market. In this case the rate could target the 76.00 level.