OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/RUB sitting flat right now

The following USD/RUB set-up, outlined from an hourly perspective, consists of a weakening technical structure accompanied by very low volatility.

Recent trading has been happening below the 50 exponential moving average, a bearish condition which, should it persist, would make more SAR indicator dots appear above the prices. Low volatility will eventually switch to higher. However, with reversal signals currently absent in the SAR for more than 16 consecutive hours, risks remain statistically higher for the selling to dry up and for a counter move to ensue in USD/RUB.

Since this set-up is usually associated with the formation of gently downward sloping channels, the first resistance to challenge on the upside is the potential channel top.

USD/CHF: next target at 0.9903 – Commerzbank

In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could re-visit the 0.9903 level in the near term...
Read more Previous

USD/CHF struggling to extend beyond 0.9800

The bid tone around the USD/CHF pair increased in the European morning, as the major extends its northward trajectory supported by Friday’s US GDP data and Fed Yellen’s comments.
Read more Next
Start livechat