| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Canadian Dollar has increased its trading range against the Japanese Yen. The currency pair bounced off from the lower boundary of a junior ascending channel at 78.50 on August 28 and had since reached the upper border of the junior channel pattern at 81.97.
Currently, the 50– period simple moving average is providing support for the exchange rate at 81.67.
If the support level holds, the CAD/JPY currency pair could continue to gain strength during the following trading sessions.
However, if the currency exchange rate passes the 50– period SMA, the next target for the bears would be near the weekly S2 and the monthly PP at 80.35.