| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Us Dollar has been depreciating against the Russian Ruble since the beginning of December. This movement has been bounded within the falling wedge pattern.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions. Note that the USD/RUB exchange rate would have to surpass the Fibonacci 50.00% retracement at 63.08.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 61.94/62.16 range. Thus, if the given resistance holds, it is likely that some downside potential could continue to prevail in the market. In this case, the rate could gain support from the Fibonacci 61.80% retracement at 61.31.