RUBUSD ascending triangle in the ascending channel
Hi Everyone! Today I have done a short review of RUBUSD and I would like to share my vision with you!
As you can see from the graph, the price has changed the direction after the breakout of the downward channel, where a new upward channel has formed. As I pointed out on the chart, the price is traded in the upward channel within which the upward triangle has formed. As we see the price constantly updates local new maximums and is held in the upward channel and strives for a global level of resistance, which we have at 77.8. There are also bull patterns inside the canal that indicate the continuation of the trend and thus the depreciation of the ruble. In addition, if we look at the fundamental analysis of the country’s very poor economic situation, the number of people infected for the first time since the end of May has exceeded the number of people who have recovered, which is an alarming signal for the medical system to be overloaded in the coming weeks, in consequence of which the new restrictions will begin to take effect.
Ruble is not the most reliable currency, I suggest you invest in more reliable sources) If you have questions about investing, write to me. Friends, thank you for your attention! If you like my analysis, please put likes and follow me!)
As you can see from the graph, the price has changed the direction after the breakout of the downward channel, where a new upward channel has formed. As I pointed out on the chart, the price is traded in the upward channel within which the upward triangle has formed. As we see the price constantly updates local new maximums and is held in the upward channel and strives for a global level of resistance, which we have at 77.8. There are also bull patterns inside the canal that indicate the continuation of the trend and thus the depreciation of the ruble. In addition, if we look at the fundamental analysis of the country’s very poor economic situation, the number of people infected for the first time since the end of May has exceeded the number of people who have recovered, which is an alarming signal for the medical system to be overloaded in the coming weeks, in consequence of which the new restrictions will begin to take effect.
Ruble is not the most reliable currency, I suggest you invest in more reliable sources) If you have questions about investing, write to me. Friends, thank you for your attention! If you like my analysis, please put likes and follow me!)