EUR/RUB 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The common European currency continues to decline against the Russian Ruble, as the Ruble is recovering in the markets after the drastic fall, which it suffered at the end of 2015 and start of 2016. Most recently the currency exchange rate reached the upper trend line of a medium term descending channel pattern, which represents the pair's bounce off and the decline from the upper trend line of a dominant channel down pattern. If the rate continues on its set course, it is most likely going to reach the lower trend line of the dominant pattern in the second half of April, where it would rebound and a medium term ascent would take place.
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Fri, 07 Apr 2017 08:04:18 GMT

USD/RUB 4H Chart: Channel Down

The Greenback is losing ground against the Russian Ruble also due to the reason that the Ruble is continuing its recovery from the events, which occurred around New Year's Eve of 2015/2016. The currency exchange rate is fluctuating simultaneously in two descending channel patterns. However, clues indicate that the situation is about to change. The reason for that is the

Thu, 06 Apr 2017 12:54:33 GMT

AUD/JPY 4H Chart: Channel Down

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