| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Dollar has been appreciating against the Russian Ruble since middle of January after the USD/RUB exchange rate failed to surpass the Fibonacci 61.80% retracement at 61.31.
As apparent on the chart, the currency pair exceeded the Fibonacci 50.00% retracement at 63.08. Note that the pair is supported by the 100– and 200-hour SMAs, thus, some upside potential could prevail in the market. A possible upside target is the Fibonacci 38.20% retracement at 64.86.
However, if the exchange rate fails to surpass the psychological level at 64.00, it is likely that a reversal south could occur. In this case the rate could re-test the Fibo 61.80%.