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 | Neutral |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇓ | ⇘ | ⇒ |
The Canadian Dollar has extended its decline against other major currencies during the previous trading sessions. However, the decline can be observed notably in the CAD/JPY chart.
The Loonie is trading in a narrow channel against the Yen. The pair has re-tested the upper boundary of the junior channel.
As for the near future, the currency exchange rate could be a false breakout upwards to test the weekly and the monthly resistance near 86.91. Meanwhile, the overall market sentiment remains bearish.