| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The ZAR/JPY exchange rate has been trading within a symmetrical triangle pattern since the end of July.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the beginning of November.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 6.30 area. Thus, a breakout south could occur within the following trading sessions.