CAD/JPY 4H Chart: Daily sell signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

The Canadian Dollar versus the Japanese Yen has been trading within a symmetric triangle pattern since mid-September.

As apparent on the 4(H) chart, the CAD/JPY currency pair made a U-turn south from the upper boundary of the triangle pattern at 81.70 on October 1. From a technical point of view, the exchange rate will most likely continue to decline during the following trading sessions.

However, a support level formed by the weekly S1 at 79.86 could provide support for the currency exchange rate in the nearest future.

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