| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Following a reversal from the upper boundary of a dominant descending channel on May 22, the Canadian Dollar began a new move in a channel down against the Japanese Yen.
This move down could be considered to be a brief retracement. Also, the 55– hour simple moving average has been guiding the currency pair further south since the pair hit the up border of a junior pattern.
Given that the SMAs have crossed over above the price movement, this could signal a long-term decline for the CAD/JPY currency exchange rate. Meanwhile, traders should look for opportunities to trade the signals at SMA crossovers.