| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Canadian Dollar has been depreciating against the Japanese Yen since the end of April, after the exchange rate reversed south form the upper boundary of the medium-term descending channel at the 84.20 mark.
Currently, the rate is testing the lower channel line located at the 80.10 mark. If the given channel does not hold, a breakout south could occur within the following trading sessions. A possible downside target is the monthly S2 at 77.93.
If the given channel holds, it is expected, that a reversal north could occur in the short term, and the pair could target the upper channel line located circa the 82.50 mark.