BandBInvestment

USD/RUB Strengthen of Russian RUB

Long
MOEX:RGBI   RUSSIAN GOVERNMENT BOND INDEX CP
At the moment, the key factor determining the dynamics of the Russian currency is the inflow and outflow of money in Russian bonds. The current rubble appreciation is associated with a new influx of non-residents in GOV Bonds. Wave analysis of Eliot showed that at the moment we are drawing A to ABC (B is of a higher order), which means that the rubble will gradually strengthen. The correlation between RGBI and RUB / USD is more than 90%, making up a dependency model and substituting the potential values of the RUB / USD index, it received that the rubble could reach 61-62 rubbles per dollar. The fact that the wave in wave A 5 turned out to be stretched is indicated by the analysis of relations. According to Eliot, in the case of a stretched fifth wave, the motion ratio is (1 + 3) / 5 = either 1/1, or 0.618, or 1.618, in this case the ratio is a drop (1 + 3) wave = -4.6%, and a drop in 5 wave -7.6%, so 7.6 / 4.6 = 1.602, 4.6 / 7.6 = 0.605, which is close to the golden ratio.
Comment: "ruble" - sorry for my English

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