| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| 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.