| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Russian Ruble has been appreciating gradually against the Euro since the middle of February. This movement has been bounded in the falling wedge pattern.
Currently, the currency pair is testing the resistance level formed by a combination of the 55– and 100-hour SMAs at 74.70. If given resistance holds, it is expected that the exchange rate targets the lower pattern boundary located circa 73.75.
Otherwise, it is likely that the pair reaches the upper wedge line located circa 75.00 in the nearest future. If given pattern does not hold, it is likely that a breakout north occurs within following sessions. Potential upside target is the psychological level at 75.40.