| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Canadian Dollar has increased its trading range against the Japanese Yen. The currency pair bounced off from the lower boundary of a junior ascending channel at 83.70 on September 8 and had since reached near the upper border of the junior channel pattern.
Currently, the exchange rate is trading near a resistance cluster formed by the monthly and the weekly PPs at 86.66.
If the resistance level as mentioned earlier holds, the CAD/JPY currency exchange rate could make a brief retracement towards a support cluster set by the weekly pivot point and the 50-hour simple moving average at 85.44.