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TradingShot
Sep 6, 2022 8:23 PM

USDRUB 4 years of slow rising before the next stress event 

U.S. DOLLAR / RUSSIAN RUBLEICE

Description

The USDRUB pair is consolidating in recent weeks since the short-lived rebound on the June 27 (1W candle) low. The inability to break above either the 1W MA50 (blue trend-line) or the 1W MA200 (orange trend-line) should keep the price action rather neutral for now. As you see the long-term bullish Channel that started after the July 2008 low, is still holding as the June Low was contained just above its Higher Lows trend-line.

After such a Low, the pair tends to start a Channel Up on a slow pace within the respective Fibonacci levels. This is a long-term accumulation phase before a major stress event rapidly sends the RUB depreciating against the USD.




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Comments
Cryptoslav15
You are very optimistic, to say the least.
Vibranium_Capital
i agree with you here buddy
Solldy
Genius! I haven't seen such a professional idea in a long time. You have a very attractive publishing style, keep up the good work 👍
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