USDRUB - Daily - Comrade is doing good.
This has been a good year for the Rubble against the USD. Certainly, 2016 was even better, but still, good result. Thanks to weaker USD, of course.
USA were trying to make their exports look more attractive and Russia strengthened their economy. Well done Russia.
If an opportunity like that arises, you have to grab it.
So what could happen in 2018?
I believe that the USD will get slightly stronger against the RUB and maybe get around the 58.200-58.500 marks. If that little downward trend line will start to break, then I will be looking for the 60 level. But from there, for some reason, I believe that there is still some more downside for this chart. I don't think that 2018 will be a USD year. That is why I will be wishing to see 55 or lower.
At the moment, 55 is just an idea. But this idea will become more realistic, if we start seeing a break of the bottom trend line.
Keep an eye on the price action!
Happy New Year, everyone! I wish you all a lot of profit in 2018!
USA were trying to make their exports look more attractive and Russia strengthened their economy. Well done Russia.
If an opportunity like that arises, you have to grab it.
So what could happen in 2018?
I believe that the USD will get slightly stronger against the RUB and maybe get around the 58.200-58.500 marks. If that little downward trend line will start to break, then I will be looking for the 60 level. But from there, for some reason, I believe that there is still some more downside for this chart. I don't think that 2018 will be a USD year. That is why I will be wishing to see 55 or lower.
At the moment, 55 is just an idea. But this idea will become more realistic, if we start seeing a break of the bottom trend line.
Keep an eye on the price action!
Happy New Year, everyone! I wish you all a lot of profit in 2018!