USDRUB is it starting a downtrend or just a bigger correction ?

FX_IDC:USDRUB   U.S. Dollar / Russian Ruble
6106 20 209
The down move broke out of the up trend, but this could be just a bigger correction for more up side. To confirm the start of a down trend I would be watching for a corrective up move on the daily and weekly.
short term sell setup could still be in play before the correction starts.
Training : add to skype mangal457
Really awesome
Hello Anil.Could you update this chart? Thanks
+2 Reply
I have a level around 60, but it will be around autumn, fundamentally the ruble is weak, maybe head and shoulders would work, but a strong ruble Russia now not the best
all i can say , is thank you for ur work , really really helpful
+2 Reply
Please update this chart
Hi, Anil! I think we are at the time of pre-crisis just like in March 2008. If you have time please look at the market situation which is from March 2008 to July 2008. A default will push inflation down to the bottom where is about 1970's (depends on different demand ) and FRB will rise rates hardly to press it for keeping USD strong. DXY could reach as high as 110- 114.
anilmangal Victor.Y.F
check my DXY chart
Victor.Y.F anilmangal
We are at same side. DXY is lack of a moving which is the seventh wave or making a truncation now.
Hello Anil, do you think we will not see this on 80 figures anymore?
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