| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Russian Ruble has been appreciating against the US Dollar since the beginning of January when the exchange rate reversed south from the upper boundary of the symmetrical triangle pattern.
As apparent on the chart, the currency rate has already reversed north from the lower pattern line at 65.27. From a theoretical point of view, the rate should continue to go upwards within following sessions. A possible upside target is the Fibonacci 23.00% retracement at 67.14. However, the pair has to surpass strong resistance level formed by the 200-hour SMAs.
If given resistance holds, it is likely that the rate re-test the lower pattern boundary.