| 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Sell | Buy | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Canadian Dollar has been appreciating in a channel up against the Yen since mid-December. Along the way, the pair breach the prevailing three-month descending channel.
Meanwhile, it has reversed near the dotted line on several occasions within the aforementioned short-term pattern. In case the Loonie fails to breach this line today, a breakout south is likely to occur.
In addition, technical indicators show that a surge should not occur within the following week, thus confirming the gradual strengthening of the bearish scenario.
In this case, the pair should be sent towards the 200-hour SMA circa 89.55 early next week and maybe even further south down to the monthly PP at 89.94.