| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The South African Rand is losing value against the Japanese Yen in junior descending channel that started to form in the result of a rebound of the currency exchange rate from the upper trend-line of a dominant descending channel.
This fact suggests that a fully-fledged rebound should not happen in the nearest future. Another factor that points out on impossibility of the surge is a combination of the 55-, 100- and 200-hour SMAs that are moving precisely along the resistance line of the junior channel.
In addition to that, this pattern consists only of three confirmation points, which means that the rate is going to try to slip to the bottom and make a second reaction low. The first support that is likely to restrain the further fall is located only in the area between the 8.20 and 8.18 levels.