| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The South African Rand is trading in a channel down against the Yen in force since late June. The last four sessions were marked by a lack of distinctive direction, thus driving the rate sideways. Subsequently, the Rand plunged swiftly mid-today, thus reaching the lower channel boundary. The given move has pushed technical indicators in the strongly bearish and oversold area, dashing the rate through the 100– and 55-hour SMAs. Thus, it is expected that the Rand may recover and move closer to the upper channel boundary circa 8.58. This level is reinforced by the 61.8% Fibonacci retracement and the 55-hour SMA that may provide enough resistance to reverse the pair south once again.