| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The USD/ZAR currency pair traded upwards during March. However, the pair failed to exceed the 19.50 level.
It is likely that the exchange rate could be under pressure of the 200-hour moving average near 18.40, thus, trade downwards in the medium term. In this case the rate could gain support from the monthly PP and S1, located at 17.06 and 16.03 respectively.
On the other hand, the currency pair could gain support from the 55– and 100-hour moving averages near 18.10, and trade upwards in the nearest future. Note that the pair would have to surpass the monthly R1 at 18.90.