| 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) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The CAD/JPY currency pair has been trading within the rising wedge pattern since the end of March.
As apparent on the chart, the pair has been testing the lower wedge line since the last week. If the given pattern holds, it is expected, that a reversal north occurs in the nearest future, and the exchange rate targets the upper wedge line located circa 84.55.
If the given pattern does not hold, it is likely, that a breakout south could occur within the following trading sessions. In this case, the rate could decline to the psychological level at the 82.00 mark.