This is a long term study with a roughly 2 year window. I have made this study as an update to confirm my earlier analysis. I saw a channel had formed and advised not to sell the Rand as it had not broken the long term and trend, at least as I saw it. My analysis was correct and the individual held on to their money. The price has since moved back into the trend.
In conclusion; I stated that as long as the price remained within the trend it was worthwhile holding onto the South African Rand. If the price breaks out the upper orange then selling of the rand might be advised as the long term trend had a higher probability of breaking. On the other hand if the price fell significantly below the bottom profits could be booked, depending on circumstances. Ultimately holding on could also be an option as this is a long term analysis.