| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
USD/ZAR has been trading in a narrow ascending channel since early September. This upward movement has pushed the rate to its six-month high at 13.86.
As apparent on the chart, the US Dollar has lost is strength during the last two up-waves, as its latest two peaks have failed to reach the upper channel boundary. The last peak was halted by the weekly R1 at 13.86. This might indicate to a change in the current bullish sentiment.
In order to confirm the assumption of a possible momentum southwards, the rate has to breach the 55-, 100– and 200-hour SMAs and the weekly PP in the 13.75/13.64 area.
Nevertheless, the rate might still bounce off one of the aforementioned support levels and manage to push upwards. This move, however, is unlike to hold for long.