| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Since the middle of October, the CAD/JPY currency pair has been trading within a rising wedge pattern.
From a theoretical perspective, it is likely that the exchange rate could continue to appreciate within the predetermined pattern until the beginning of April. Then, a breakout south could occur.
In the meantime, note that the rate is supported by the 55-, 100– and 200-period moving averages in the 82.00/83.00 area. Thus, a breakout north could occur, and the pair could target the 91.50 level.