USDRUR is fully aligned with the price action in Crude. We finally have the 20-month low volatility mode shattered, the triangle is a terminal structure so the only possibility for USDRUB now is to thrust higher, taking out the previous cycle highs. The targets are 115..130.
Hi @AndyM you still keep your usd/rub idea?
your target between 115-130
you think that trend has started?
Thanks
AndyM
⋅
@ocakmak1, Hi! Yes, the targets are unchanged, there needs to be a very big move. I think we start to see some movement in Crude, EUR, and other instruments, but this may take time for them to accelerate. USDRUB is stuck in a triangle so far, once we leave it, we will go to above 100 non-stop.
you still keep your usd/rub idea?
your target between 115-130
you think that trend has started?
Thanks