| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar against the South African Rand has been trading in two formations simultaneously. The senior pattern is a channel up that has already proven its validity on several occasions. The other, however, is an ascending wedge. In this session, the price approached the upper boundary of both patterns at 13.62 and edged lower. From technical point of view, characteristics of both patterns suggest that a subsequent movement should be to the downside. Indicators are currently neutral, however with a potential to become bearish. Thus, the Greenback's depreciation is the most likely scenario. A breakout of the bottom wedge boundary may likewise occur; however, this move should be confirmed by other technicals, especially when this line is to be reinforced by the 55– and 100-hour SMAs in the same 13.40/13.44 area.