| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The USD/ZAR exchange rate reversed north from the lower boundary of the descending triangle pattern at 14.52 at the beginning of December.
From a theoretical perspective, it is likely that some upside potential could prevail in the market in the medium term, as the currency pair should target the upper pattern line located circa 15.15.
However, note that the expected advance might not be immediate, as the exchange rate should surpass the resistance levels formed by the monthly PP and R1, located at 14.82 and 15.04 respectively.