| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has appreciated substantially against the South African Rand since mid-May. During this time, the pair gained almost 15% and peaked at its highest position in 2018—the psychological 14.00 mark.
This surge has been bounded by an ascending channel. The pair hindered near its bottom boundary on Tuesday, thus pointing to a possible southern breakout. However, the Greenback managed to re-gain its bullish momentum and reach the aforementioned high today.
Long-term technical indicators are located in the overbought area. Thus, it is likely that a new wave down starts next week. This assumption would likewise be strengthened if the rate fails to overcome 14.00 and reach the upper channel line near 14.50 during the following sessions.