Break of neckline maybe generating strong sell signal. Important: :-) If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree. Please remind yourself that this is just my...
Despite a prolonged period of strengthening of the Russian currency versus the one of European Union, the decline shows signs of deceleration and possible reversal in tune with a larger uptrend towards psychological level of 100 and beyond. The latter is unlikely however, since it looks like the major uptrend itself is getting tired already. If everything goes as...
I will be buying the Ruble with Euros since I think we have tremendous downside potential as well as excellent yields as a carry trade. The setup is to determine size on each leg of the pair using 1 month ATR, or 3 times the daily ATR value, and then proceed to short the EURUSD and short the USDRUB pairs to profit from this juncture. You could look for a technical...
Last week, we saw a huge short squeeze in oil and it seems that there could bee a opportunity for Crude's bulls. The RUB lost a big part of its value due to the Global fall in commodity prices. However if we believe RUB and Crude touched the bottom, then we could try a short USDRUB, or if you think EUR is going to be smashed by Yellen on September (or October, or...