| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
CAD/JPY is trading in an ascending channel. The last wave upwards formed another junior channel which was breached to the downside in late June. Along the way, the pair was testing the upper channel boundary, being supported by the 55-hour SMA. Technical oscillators signal that the Canadian Dollar is in the overbought area. Meanwhile, trend indicators demonstrate that a weakened up-trend does still exist. By and large, two scenarios are possible in the given situation. The pair may follow the upper channel boundary for several hours prior to breaching this pattern to the upside. It is more likely, however, that the rate edges lower and approaches the lower channel boundary near the 86.00 mark.