| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The US Dollar has retreated downwards against the South African Rand. Namely, in the second part of Tuesday's trading session the pair plummeted and passed the lower trend line of a dominant ascending channel. Moreover, the trend line was supported by the 55 and 100-hour simple moving averages.
During the recent review it was discovered that there exists a massive scale ascending pattern, whose resistance provided the needed momentum.
Meanwhile, note the revealed medium term descending pattern, who has guided the rate for the past week. Most likely there will occur a junior surge in the borders of the pattern, as soon as the combined resistance of the 55 and 100-hour SMAs together with the PP near the 13.70 mark get passed.