Strong bullish candle on weekly and daily candles follow through, keep and eye out for small pullback on the way in case they turn into complete reversals. Hold positions until the next weekly chart stay patient and apply stop loss !!!
This has been a good year for the Rubble against the USD. Certainly, 2016 was even better, but still, good result. Thanks to weaker USD, of course.
USA were trying to make their exports look more attractive and Russia strengthened their economy. Well done Russia.
If an opportunity like that arises, you have to grab it.
So what could happen in 2018?
I believe...
The Ruble continues to lag the movements in the both Brent and Crude oil over the last few months. Could indicate the possible chances of further decrease in Russian interest rates, however, if Oil continues to rise, the chances of the Ruble appreciating much further should increase.
Rubble pairs are one of my favorite to trade.
These pairs tend to like textbook formations.
This is a long-term view on this pair for those, who would like to hold a position for a longer period.
I wouldn't say buy now, but wait for confirmation. If a Daily candle will close on the break out below the triangle, then forget this idea. But if we will be seeing the...
The US Dollar vs. the Russian Ruble pair is representing the two contradicting and rival economies and political systems in the world. This pair is very sensitive to the crude oil volatility as the Russian economy depends on the petroleum market greatly. The US Dollar, which is the most traded currency in the world, is considered to be very stable and safe in this pair.
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