FX_IDC:USDRUB   US DOLLAR / RUSSIAN RUBLE
205 1 3
Russian Ruble             is getting a bit of strength these last hours and the pair USDRUB             is diving towards the cloud. On the right chart, the PA went to the sky in a parabolic move (Russia said "this is no collapse") followed by a counter-reaction that shared the same intensity.

The price will probably now try to break through the cloud if it manages to push through the 78 level. To manage this, the lagging span will have to go through several layers including Kijun, price and a fairly dense cloud under it. It won't be truly bearish before these lines get below the cloud. As things are still a bit fuzzy, it's wise to stay away from this pair at least on the H4 timeframe. A long trade could not been foreseen before the price gets above the Kijun again. And short trades are risky with the current Ichimoku configuration. On longer term, the pair is still bullish as long as the oil             situation is disadvantageous to Russia.
albert.callisto
10 months ago
Bounce against the cloud.
Reply
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