| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The ZAR/JPY exchange rate has been consolidating between the 6.1170 and 6.5480 levels since the beginning of June.
From a theoretical perspective, it is likely that the currency pair could continue to consolidate between the given levels in the medium terms.
Meanwhile, note that the pair could be pushed down by the 55-, 100– and 200-period moving averages. In this case the rate could target the psychological level at 5.60.