| Indicator | 4H | 1D | 1W |
| 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 South African Round is gaining value against the Japanese Yen in a short-term ascending channel. Formation of the pattern began after the currency exchange rate made a reversal and broke through the upper trend line of a preceding descending channel. Due to narrowness of the formation, it is unlikely that it would sustain for long. Most likely the pair is going to make a rebound after reaching a resistance level near the 8.697 mark. If such scenario comes true, this will confirm an existence of a double top pattern. On the other hand, it is also possible that the rate is going to climb higher and try to test the weekly R1 at 8.753. In addition, the fall below the 8.609 level is not likely, as it is supported by the weekly PP, 55- and 100-period SMAs.