Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Sell |
Alligator(13;8;5) | Sell | Buy | Sell |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇘ | ⇗ | ⇘ |
The CAD/JPY currency pair has been trading within the ascending triangle pattern since the beginning of February.
As apparent on the chart, the exchange rate has already reversed north from the lower pattern line at 82.88. From a theoretical point of view, it is expected that the pair reaches the upper triangle boundary at 83.97. If given pattern does not hold, it is likely that a breakout north occurs within following trading sessions. A possible upside target is the psychological level at 85.00.
Otherwise, it is likely that the rate continues to trade within given pattern until the end of February.