I am not condoning or suggesting you trade this currency pair.
I use this pair as a sign for what the financial market is feeling about the ongoing crisis only.
I had suggested some weeks back a sell strategy when we reached levels of $ 120-130 and higher. I suspected it would move back towards 100.00 level, but it even improved itself beyond expectations.
the reason am saying that is not to prove I was right, rather to display the fact that the markets are absolutely irrational. Just think of it, now we are not far away from where the RUB was before the crisis... Crazy right?
So based on that U feel we are not at the right level for good fundamental and technical reasons. I expect the USDRUB to return beyond 110.00 again. DO NOT TRADE IT PLEASE...
I use this pair as a sign for what the financial market is feeling about the ongoing crisis only.
I had suggested some weeks back a sell strategy when we reached levels of $ 120-130 and higher. I suspected it would move back towards 100.00 level, but it even improved itself beyond expectations.
the reason am saying that is not to prove I was right, rather to display the fact that the markets are absolutely irrational. Just think of it, now we are not far away from where the RUB was before the crisis... Crazy right?
So based on that U feel we are not at the right level for good fundamental and technical reasons. I expect the USDRUB to return beyond 110.00 again. DO NOT TRADE IT PLEASE...