Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Neutral | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇒ | ⇓ |
The US Dollar has been appreciating gradually against the Russian Ruble since late February. The currency pair bounced off the lower boundary of a junior channel on February 28 and has since remained stable and slowly moving north.
Technical indicators suggest that bulls should take a greater hand in the market once again and thus sending the US Dollar higher. In the meantime, the exchange has tested the weekly R1 and made a retracement south.
Everything being equal, the aforementioned scenario should occur if the combined support of the 55– hour simple moving average and the monthly pivot point near 56.89 holds.