Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Sell |
Stochastic (5; 3) | Buy | Neutral | Sell |
Alligator (13; 8; 5) | Neutral | Buy | Buy |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
The Russian Ruble has been depreciating against the US Dollar since early August under the pressure from new the US sanctions.
At the time of this analysis, the exchange rate had reached the lower boundary of a short-term ascending channel near 67.20. It is very likely that an upside momentum starts prevailing in the nearest future as the 55-period SMA (4H) push the rate up.
Technical indicators on the 4H and 1D time-framers support this bullish scenario. The nearest target for the exchange rate is the 68.00/50 area.