USD/RUB 1H Chart: Channel Down

Source: Dukascopy Bank SA

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

During the recent trading sessions the US Dollar has made a rebound against the Russian Ruble. Due to that reason a surge is to be expected. However, various details reveal that the bulls might still pass this rate.

First of all the pair is still located in the borders of the junior pattern channel down pattern .That means that it's upper trend line will continue to provide resistance. Meanwhile, the pair is also located in a dominant channel down.

In addition the pair is set to face the resistance of the various simple moving averages of the hourly chart. These factors combined reveal that there might be no short term recovery at all.

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