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Aug 21, 2018 4:05 PM

Possible pattern recurrence. Neutral. 

U.S. Dollar / Russian RubleFOREX.com

Description

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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