| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇘ |
The American Dollar continues to depreciate against the South African Rand in the medium-term descending channel. The pattern started to form after the currency exchange rate broke through the bottom trend line of the preceding ascending channel near 13.5400. At the present moment, the pair is moving in the downward direction and is aiming to test the support level consisting of the monthly and weekly S1 at 12.6556 and 12.6506. If it manages to break through this barrier, it is most likely that the fall will continue until the currency pair reaches the new support put up by the 0% Fibonacci retracement level, which is located at the 12.3657 level. The Fibonacci retracement levels are measured by connecting the 2016 high level with the 2017 low level.