one reason is the double doji in month chart time frame on eurusd and because oil is in a potential uptrend
The common European currency is surging against the Ruble in an ascending channel pattern. Although the pair has already bounced off the upper trend line of the channel, it has not begun to form a new short term descending pattern. Instead the Euro found support in the 38.20% Fibonacci retracement level at the 67.71 level against the Ruble. As a result a surge...
EUR/RUB 1D Chart: Rising Wedge The common European currency is appreciating against the Russian Ruble in a four month long ascending channel that has recently began to transform into a rising wedge. Formation of the wedge began, when the currency exchange rate tried to slide to the bottom trend-line of the channel for the second time. During the...
Back to broken trend line so looking to get short again. ~9% interest rate for holding Ruble could be useful if this works as long term trade.
So, in my previous post I've mentioned the target in the circled area, which we reached. Good profits. You can check out my previous analysis on this below in the related ideas section. Now the next step is, will it continue climbing up the channel or will it break it and give us some new levels on the downside? At the moment it is difficult to say as it is...
For those who are interested in something more exotic, then this is pretty looking chart. I have done some analysis on it previously, where I identified the channel, but thought that it will break it and continue the downfall. Still ended up in profit, by shifting my stops. In this situation, I think that there is a good chance for this pair to retrace at least...
So this pair is one of my favorites to watch and trade sometimes. I believe that the Rubble will get stronger in the short-run. At the moment, it seems like it's stuck in this upward channel. Will it break it at the bottom or will it continue rising? We will just have to wait and see. In the mean time, I think we will test the bottom trend. This could be a good...
Either X Point or D Point entry. Depends on price action
Trump to repair relations with Putin? Trump a Brexit supporter.
NOW FIBO 0 618 REC. YOU CAN SEE BUY LEVEL...
On a long-term basis short. Because of a threatening 3. World War between Europe and Russia.