| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
Following up on last week analysis of the CAD/JPY currency pair. Bulls continued their dominance in the market and sending the exchange rate to breached the upper boundary of a long-term descending pattern.
Given that a breakout had occurred through the upper boundary of the descending channel, the Canadian Dollar could be set to continue gaining strength against the Japanese Yen in the short term.
The next barrier that might hinder the currency exchange rate to continue its upside movement is located at the 85.99 mark which is a resistance cluster set by the combination of the weekly and the monthly PPs.