| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 57.62 | 23.60% Fibo | MACD (12; 26; 9) | Sell | Buy | Sell | ||
| R3 | 57.40 | 55-period SMA | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 57.00/10 | 100 and 200-period SMA; weekly PP | Stochastic (5; 3; 3) | Neutral | Sell | Neutral | ||
| R1 | 56.77 | Monthly PP | ADX (14) | Neutral | Neutral | Sell | ||
| S1 | 56.06/55.94 | Weekly and monthly S1s | CCI (14) | Neutral | Neutral | Neutral | ||
| S2 | 55.20/15 | Trend line; weekly S2 | AROON (14) | Buy | Buy | Buy | ||
| S3 | 54.89 | Monthly S2 | Alligator (13; 8; 5) | Sell | Neutral | Sell | ||
| S4 | 56.46 | Trend line | SAR (0.02; 0.2) | Sell | Sell | Buy | ||
| Aggregate | ↘ | → | → |
Note: This section contains information in English only.
Recent developments on the USD/RUB currency pair have pressed for a review of the situation. The currency exchange rate has bounced off the upper trend line of a long term descending channel pattern. As a result the first boundaries of a medium term pattern can be already seen. Although it is almost impossible to pinpoint the junior pattern at the time, one can see that the pair is clearly heading lower to the support line of the dominant channel. In addition, the hypothesis of an upcoming fall is strengthened by the fact that the pair is overbought, as 72% of open SWFX positions are long.
Mon, 22 May 2017 11:17:07 GMT
Source: Dukascopy Bank SA