| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Canadian Dollar has edged higher by 3.49% against the Japanese Yen during the past two weeks. The CAD/JPY currency pair breached the 91.00 level on October 13.
The exchange rate is currently trading near the upper line of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, buyers could drive the price towards the 95.00 area during the following trading sessions.
However, if the channel pattern holds, a decline towards the 89.50 level could be expected in the nearest future.