| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
During the past two weeks, the Canadian Dollar has depreciated by 2.69% in value against the Japanese Yen. The CAD/JPY currency pair tested the 78.50 marks on August 26.
Everything being equal, it is likely that the exchange rate will edge up during the following trading sessions. The potential target for bullish traders would be near a resistance cluster at 81.11.
However, the 50– and 100– hour simple moving averages at 79.91 could provide resistance for the currency exchange rate in the nearest future.