| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Since the middle of October, the CAD/JPY currency pair has been trading upwards within a rising wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could breach the predetermined pattern south within the following trading sessions. In this case the rate could target the Fibo 23.60% at 78.44.
Meanwhile, note that the currency pair is supported by the 55-, 100– and 200-period moving averages. Thus, some upside potential could continue to prevail in the market, and the pair could target the Fibo 61.80% at 84.97.