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pato

RUBLE/ROUBLE troubles

Long
U.S. Dollar / Russian Ruble (FX_IDC:USDRUB)  
pato Updated   
FX_IDC:USDRUB   U.S. Dollar / Russian Ruble
Trend Analysis Chart Patterns Wave Analysis rouble USDRUB sanctions valarcci
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trendanalysis chartpattern waveanalysis rouble usdrub sanctions valarcci
The rouble has seen weakness since the recent Syria debacle, and this weakness looks to continue longterm as shown below. But as for now, here is a shorter term outlook with a great risk/reward ratio trade.

Below is a rough longterm forecast/scenario:

snapshot
Comment:
LONGTERM RUBLE OUTLOOK:

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Comment:
A closer look into current developments

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Comment:
upon inspecting the price action on the ruble index, we there are some hints that we may see some upside before the longer-term decline continues.

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Comment:
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might be time for a consolidation

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pato
USDRUB longterm picture
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