| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The USD/ZAR exchange rate reversed south from the upper boundary of the long-term descending channel located at 14.65 at the end of March.
Currently, the rate is testing the support cluster formed by the 55-, 100– and 200-hour SMAs, currently located in the 13.98/14.05 range. If the given support holds, it is likely, that the currency pair reverses north and re-tests the upper channel line located circa 14.55.
Otherwise, it is expected, that the pair continues to trade down and reaches the Fibonacci 50.00% retracement at 13.58.