| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Canadian Dollar has appreciated about 3.40% in value against the Japanese Yen since October 10. The currency pair tested July 2019 high level at 83.02 during yesterday's trading session.
Everything being equal, the CAD/JPY exchange rate is likely to aim at a support level near the 81.54 area during the following trading sessions.
However, a support cluster formed by the 50– hour simple moving average and the weekly pivot point at 82.38 could provide support for the currency exchange rate within this week's trading sessions.