Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Sell | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Buy | Neutral | Buy |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/RUB exchange rate has been trading downwards within a descending channel since the beginning of April.
From a theoretical point of view, it is likely that the currency pair could continue to trade within the given channel in the medium term. In this case the pair could decline below the 76.00 level by the end of July.
Meanwhile, note that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs. Thus, some upside potential could prevail. In this case the rate could target the psychological level at 90.00.