Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Sell |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇗ | ⇗ | ⇘ |
The USD/RUB currency pair has been trading within the ascending triangle pattern since the middle of November. Yesterday, the pair reversed south from the upper pattern line at 64.46.
From a theoretical perspective, it is likely that a breakout north could occur within the following trading sessions. In this case the exchange rate could target the psychological level at 65.50. However, the expected advance might not be immediate, as the pair would have to surpass the Fibo 38.20% at 64.86.
It is unlikely that bears could prevail in the market in the nearest future, and the currency pair could decline lower than the Fibo 50.00% located at the 63.10 mark.