| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Canadian Dollar has been trading in a dominant descending channel against the Japanese Yen since early January. The currency pair smooth journey in this pattern was interrupted in March when a reverse north occurred after hitting a support cluster set by the combination of the weekly and the monthly PPs near the 80.78 area.
The CAD/JPY exchange rate has since been moving in a junior ascending channel. Meanwhile, a breakout has occurred through the upper boundary of the dominant channel.
The overall market sentiment is bullish; therefore, the currency exchange rate is likely to continue moving north during the following trading sessions.