| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The CAD/JPY exchange rate has been trading upwards within the ascending channel since the beginning of June.
Note, that the rate is supported by the 55-, 100– and 200-hour moving averages, currently located in the 82.44/82.72 range. Thus, it is likely, that some upside potential could prevail in the market, and the currency pair could breach the given channel north. A possible upside target is the psychological level at 85.00.
However, this advance might not be immediate, as the pair has to surpass two resistance levels— the monthly R1 and the monthly R2, located at 83.31 and 84.12 respectively.
It is unlikely, that bears could prevail in the market, and the pair could tumble lower than 80.80 due to the support of the monthly S1.