The USDRUB pair has bee trading within a Channel Up pattern for the past 5 months and yet again is testing the 1W MA50 (red trend-line). This is a highly important Support level as it has been tested 4 times in 2024 and held (even closed the 1W candles above it) on all occasions. Naturally, as long as it holds, we remain bullish targeting 96.8000 (1.236 Fibonacci...
We last looked into the USDRUB pair 4 months ago (October 06 2023, see chart below) when we got the most optimal sell entry and easily hit our 95.000 target: This time we transition to the 1W time-frame where the long-term trend is more evident, and it remains bullish within a Channel Up pattern that is holding since The June 27 2022 market bottom. The 1D...
The USDRUB pair is trading on a Fibonacci Channel Up with the 1D MA50 (blue trend-line) providing the first level of Support. Coming of a 1D MACD Bullish Cross, the price is on the 3rd mini Channel phase (orange) within the 1.0 and 1.5 Fibonacci levels, same as the previous (green) has been within 0.5 - 1.0 Fib and the one before (blue) within the 0.0 - 0.5...
I know you Forex people are all experts so there is no need for much "talking"/writing. USDRUB goes above EMA50 weekly. Bullish wave confirmed. Potential targets are marked with a black dashed line on the chart. This rally should last 2-3 months more or less. Going below EMA50 invalidates most of the bullish momentum. Namaste.
We are looking at a monthly chart, this is an extremely bullish setup. USDRUB about to go up strong. What we see here after the May-June 2022 crash is a recovery phase. This recovery phase is completed December 2022 when USDRUB closes above EMA100, EMA10, EMA50 and EMA21 in the same month. At this point the bullish bias is confirmed. January 2023 was a...
Overall bullish trend although we might have one more pullback to 97.2. Big size entry tight stop loss
The USDRUB has been trading within a 5 month Rectangle pattern ever since the price retraced from the start of the war High. The price made a High on October 11 and has been pulling back since but for the 7th straight session, it remains supported on the 1D MA50 (blue trend-line), which since late July has been trading around the Rectangle's middle (median), thus...
The USDRUB pair is consolidating in recent weeks since the short-lived rebound on the June 27 (1W candle) low. The inability to break above either the 1W MA50 (blue trend-line) or the 1W MA200 (orange trend-line) should keep the price action rather neutral for now. As you see the long-term bullish Channel that started after the July 2008 low, is still holding as...
With U.S FED re-affirming its intention to fight inflation and Russia having its reserves in gold whereas U.S being reliant on foreign debt and oil for the workings of the U.S dollar. I now expect a deep relentless dive in gold markets. Target 1070$ and possibly lower in the next 12 months. Nevertheless this will not be in one go. There are many levels where...
The USDRUB pair hit this week the lowest levels since June 2015, marking a remarkable turnaround for the Ruble (drop on the pair around -65%) since the March 2022 High at the peak of the Russia - Ukraine invasion. With this massive drop, the pair is getting very close to the Higher Lows trend-line that started during the subprime mortgage crisis in the U.S. on...
If closes lower than 55 I am expacting 48 levels and it will be a good opportunity to BUY. And may be realise the profit around 68 rubles.
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
USDRUB on the monthly chart is testing a historical resistance at the 80 levels after the test with a spike of the 0.618 Fibonacci level. The market after the recent news on the Ukrainian crisis is pushing higher and we can expect some break above for a new ATH. How can we approach this scenario? Even though is very risky to trade with high volatility if the...
Russian rubble collapsed by more than 100% 3 weeks ago price was 74 rub per $1 Price reached $174 yesterday
Hi traders: With the tension between Russia and Ukraine, we can expect the market to be volatile and moving during an uncertainly time. As we know, USD is a safe haven currency, and here on USDRUB, we can see clear bullish price action on the bigger time frames. With many bullish impulse phases follow by bullish continuations, price is getting push up to all...
RUB / USD = next target 100$?
This is the much talked about (due to the pending sanctions against Russia) USDRUB pair on the 1W time-frame. As you see, it follows a very structured pattern within a multi-year bullish Channel. The price tops every time above the 2.0 Fibonacci extension and one Fibonacci extension higher in the Channel than the previous Higher High. The sequence indicates that...
In this zone I start a short, I expect a weaker USD this week. From my point of view, we just take the between high out and gather liquidity. Add to that an oversold RSI with a very likely divergence and a WR 4h sell signal coming up soon.