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Possible pattern recurrence. Neutral.

U.S. Dollar / Russian Ruble (FOREXCOM:USDRUB)  
InvestingScope  
FOREXCOM:USDRUB   U.S. Dollar / Russian Ruble
Trend Analysis Chart Patterns Technical Indicators USDRUB USD rub DJ FXCM Index dollar ruble Forex Currencies currency
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trendanalysis chartpattern indicator usdrub usd rub usdollar dollar ruble forex currencies currency
USDRUB has broken the previous Rectangle on 1D to the upside (RSI = 67.004, MACD = 1.132, Highs/Lows = 1.0010, B/BP = 2.0066). However the currently High Volatility on 1D (ATR = 0.9168) as well as the overbought action on 1W (RSI = 73.797, STOCHRSI = 76.158, Williams = -15.552, CCI = 219.8375) indicate that the pair may enter another consolidation phase/ Rectangle. That is a scalping opportunity with (due to the 1W Channel Up) a bullish primary sentiment (dip buying).
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