USD/RUB 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Due to the demand for the USD/RUB currency pair on the Swiss Foreign Exchange a review of the pair in the English language is being done. All in all it can be observed that the currency exchange rate has bounced off the support of a dominant channel pattern and a rebound has begun. 

The rebound began when the medium scale channel down pattern hit the support of the mentioned ascending long term pattern. As a result a one month long channel up was formed, which is set to break out of the medium scale pattern.

Regarding the short term it can be seen that the pair is squeezed in a strong cluster of various levels of significance. However, it is most likely going to break out of it to the upside and approach the 58.00 mark.

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