USD/RUB 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate

Since the end of December, the USD/RUB exchange rate has been trading within an ascending channel.  

From a theoretical perspective, it is likely that the US Dollar could continue to extend gains against the Russian Ruble within the predetermined channel in the medium term. 

Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 74.30/75.10 area. Thus, a breakout south could occur, and the pair could decline to the Fibo 38.20% at 71.50.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.