| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The CAD/JPY exchange rate has been trading within a rising wedge pattern since the beginning of May. The rate has already surpassed the 78.00 level.
From a theoretical perspective, it is likely that the currency pair could breach the given pattern south within the following trading sessions. In this case the pair could gain support at the psychological level at 75.00.
Meanwhile, note that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs. Thus, some upside potential could prevail in the market. In this case the rate could reach the Fibo 38.20% at 81.17.