| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
During March, the USD/RUB currency pair skyrocketed to the 82.00 level. Also, the pair has been trading within the falling wedge pattern since the middle of March.
From a theoretical point of view, it is likely that a breakout north could occur in the nearest future, and the Russian Ruble could continue to depreciate against the US Dollar.
On the other hand, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs in the 78.50 area. Thus, some downside potential could prevail in the market. However, the expected decline might not be immediate, as the rate could gain support from the monthly PP and S1, located at 75.81 and 68.71 respectively.