Russia’s trapped domestic investors push stock market to 2-years high. Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict. A rise of more than...
Bank of America analysts Athanasios Vanvakidis and Michalis Rosakis last week expressed skepticism about the dollar's rise in recent weeks. “Markets will be looking at whether the economy is likely to accelerate again early next year and whether that will lead to inflationary pressures.” Markets are increasingly confident the Fed is done raising rates. However,...
Short term: USD/RUB right now in resistance zone MOEX:USDRUB_TOM (95.5). DXY right now touched strong resistance area TVC:DXY (104.5). But globally: RSI in USD/RUB show great correction that mean unloading before next rising moves. RUB continue feel heaviness by no investments. Government have no critical ideas to solve the problems. My position: I wait...
Price has reached strong fibo level (96.64) and we can see bearish 1 Week engulfing candle forming that shows selling presure. Generally what is happening? I draw 2 scenarios how price can act in the nearest future. 1 scenario: price will revers at about 97 rubles or 113 rubles by making sellers liquidity area and will head down to grab buyers liquidity (...
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.
Many friends must have a deep understanding of the recent market situation. If you go long, you will also lose if you go short. Have you ever considered the reason?Follow the market and be paced by the market?Still shorted, seeing the market rebound, don't you stick to your own opinion?Or knowing that it is a bullish idea, but also want to eat up the short...
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...
UR has reached strong fibo level. It seems like it will continue to rise(big bullish candle). But I wouldn't be surprise if it start to revers now. Why? Firstly it has touched strong resistance level that was holding price almost for 6 years. So its a strong level even though it was broken in February 2022. Secondly. If you look at dollar index (green line) which...
Russian ruble targets 83.6-92.1 then 44.5-38.7. Each level is calculated from 2008 in log scale.
USDRUB_TOM hit a megaphone uptrend resistance line and bounced off closing a first red candle in a month. bearish divergences with RSI and MACD in a day chart. Consider short selling in tactical perspective by end of Feb, although it's still in uptrend mid-term
There seems to be a top diamond pattern indicating a bearish reversal in general, however the price broke resistance line which might point to a continuation of the uptrend with target between 76 and 77... just posting for information purpose
Russian ruble is in the sell zone from now. I expect price to take liquidity reaching price range from 44.31 to 51.58. After will look for buys till at least 2.0 fibo level - 137.14. Max target will be 172.40 Good luck:)
Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4
There is no head and shoulders in four hour time frame so far: supposedly head is equal to left shoulder height and the right shoulder is getting shaped on low volume. I am neutral on this chart pattern, just publishing FYI
If USDRUB breaks out triangle resistance line on four-hour time frame, next target supposedly should be 79? I am neutral though on this pattern, just publishing FYI
USD/RUB ::: 1_ Blue channel : Daily time frame : It is moving in a descending channel . Pay attention, there is a possibility that it will move in a range and reach the ceiling of the channel without increasing the price. 2_ In the time frame of 4 hours, it has broken a triangle that has sufficient validity and can confirm its fall . 3_ Returning to the red...
There is a range for the further consolidation FX_IDC:USDRUB*TVC:UKOIL/TVC:DXY*100
Breaking through the triangle even despite the upcoming S&P correction