| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The CAD/JPY exchange rate has been trading within the rising triangle pattern since the middle of March.
From a theoretical perspective, it is likely that the currency pair could trade within the given pattern until the end of April. Then, a breakout south could follow.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs in the 76.50 area. Thus, a breakout south could occur sooner. In this case, the rate could gain support from the monthly S1 at 73.10.