| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The CAD/JPY exchange rate has been trading within a symmetrical triangle pattern since the end of April.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the middle of May.
Given that the pair is pressured by the 100– and 200-hour SMAs near 78.20, it is likely that a breakout south could follow. In this case the pair could target the monthly S2 at 73.46.
Note that the exchange rate could gain support from the monthly S1 at 75.16. If the given level holds, it is likely that a reversal north could occur, and the rate could try to surpass the monthly R1 at 78.38.