On a global scale, after a pulse of 140%, a symmetrical triangle began to form for 6 years. Which on a very symbolic date was broken up. Below I will describe and in the screenshots I will show what's what. On the chart, I showed areas of potential price halt. The stop or continuation of the upward movement will depend on the reaction of the price to these...
Dear friends, all greetings, I haven't reviewed the USDRUB trading pair for a long time, as we follow the plan of the previous idea. I also noticed that the # USD / RUB currency pair is gaining more and more popularity among traders, despite the fact that the Russian ruble is not fully freely convertible currency. The pair continues to move within the ascending...
Hello, everyone! Two versions are listed below, but keep in mind that the overall sentiment is BULLISH for this pair. VERSION 1: VERSION 2: Good Luck!
looks like a perfect time to buy RUB for a long hold
Russian Ruble price action is getting on bullish side: - Falling wedge reversal in play - Deviation / fake-out below Range Lows to hunt stops - Consolidation in progress between Fib Levels 0.7 and 0.61 - Major news events. Russian Federal Reserve lowered interest rates. Cash and carry strategy used by foreign investors become less profitable. Money pulled from...
Not financial advise. Similarity between $USDTRY and $USDRUB -Violation of symmetrical triangle -Fib 0.705 taken out -Clean breakout on Weekly/other Macro Target 1: aiming for the highs, of course. FX_IDC:USDRUB
I will keep this one quick as it is Friday afternoon... its clear that high beta has been in demand from some faster hands of late. Nothing of meaningful weight in the ladder, I think we will test the highs before pulling back. Another technical break to the topside in play with some strong US data. This looks set to test the highs in USDRUB for now. Tactical long...
Here markets are starting to see shorts pick up momentum, this has been a very very easy ride so far since our initial entry (see diagram): Oil has drastically sold off, and risk sentiment in the M.E is fading. While we failed to clear 70 we managed to unwind some at 65 on the Iran spike. No reason to change course here yet, market sits itching to breakdown....
USDRUB_TOM Forecast For Next 4 months
Looks like a nice wedge forming at a long term support zone here. Going to try a small size now and sit and wait for this to play out. The red zone could still be a resistance. With wedges like these, they usually play out, but they can make a false breakout to the downside first as well. If this happens, it's important to see a good bounce up as well, like a...
Russian Ruble: During breakdown of the first candle. growth is same size of candle. ( TD ) Current candle is big. So we size a little different. Daily chart Current = Trend is down MN = time frame We have a big candle (First candle (TD)) I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade zone/support for fixing deal = Target is 61.39...
The divergence betwen the ruble and oil suggests a sort term correction down to the lower trend line, but the long term outlook for oil is bearish, sanctions are likely to add up against Russia, and a strenghtening usd will weight on the ruble. Hence a breakout of this symetrical triangle on the upside within 1 year is the most likely scenario
The main attention on Monday was riveted to the pound. And if in the first half of the day the reason for this was the publication of quite good statistics on UK GDP (+ 0.3% m / m + 0.6% q / q forecast: + 0.1% m / m + 0.5% q / q June: + 0.1% m / m + 0.4% q / q), then after lunch the pair's growth driver became the news from the Brexit fields. We have already...
Is it really hot autumn?
See how price is reacting to the WL1 of the orange & white Fork? I think it's time to put that pair on the watchlist... P! Emilio
Hi guys. I think this is a pretty remarkable situation. Not going to comment here but I'm puzzled by the big picture. Have a nice day.
A downward trend in oil may help to weaken the ruble.
Short set up. Think oil is a short? This pair is a useful proxy.