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

U.S. DOLLAR / RUSSIAN RUBLEICE

Description

⋅ Mar 14, 2016 6:44 AM

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.

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⋅ Apr 20, 2016 9:30 AM

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⋅ Apr 20, 2016 9:47 AM

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⋅ Apr 20, 2016 9:49 AM

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⋅ Jun 2, 2016 5:51 PM

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⋅ Mar 29, 2017 4:03 PM

Comments

Mark_777

⋅ Jul 22, 2016 6:14 PM

Hello Anil.Could you update this chart? Thanks

MarioLeb

⋅ Jun 2, 2016 5:54 PM

all i can say , is thank you for ur work , really really helpful

INGA

⋅ Mar 20, 2016 8:18 AM

Anil, you have news on the trend?

Atlasraketa

⋅ Mar 29, 2017 8:46 PM

nice

mobi007

⋅ Mar 29, 2017 4:34 PM

Really awesome

SSSR

⋅ Jun 2, 2016 6:12 PM

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

eddefefe

⋅ Jun 2, 2016 5:33 PM

Please update this chart

Victor.Y.F

⋅ Apr 20, 2016 9:45 AM

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

⋅ Apr 20, 2016 9:46 AM

check my DXY chart

Victor.Y.F

⋅ Apr 20, 2016 9:56 AM

We are at same side. DXY is lack of a moving which is the seventh wave or making a truncation now.