The market hasn moved up near the zone of the previous high created in march 2020.
Currently the price hit the resistance and is looking for a correction.
If the price will break and close below the 4h structure, at the retest of it we can set a nice short order according with our strategy.
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Here is the Plancton0618 technical analysis,...
But bearish investors are looking for ways to recharge the commodity-linked currency in the trading sessions. The euro to Russian ruble exchange rate is forecasted to go down to its support level as bears hope for support from Russia. Just recently, it was reported that the Russian government is seeking to add around 1.9 billion US dollars in taxes from oil and...
The euro is starting to gradually gain momentum against the Russian ruble despite the conditions in the oil market. However, looking at it, it appears that the bearish traders are on the defensive and are most likely to remain there because of the rising number of new coronavirus infections across the globe. This is because the Russian ruble is a commodity-linked...
Discussions about possible interest rate cuts to Post-Soviet record low rates have surfaced, this places the disadvantage towards the Russian ruble in the foreign exchange market. The euro to Russian ruble trading pair is now widely projected to climb to its resistance level despite the support that bears should have gotten from the commodity market. Looking at...
The pair will continue to move higher in the following days after a strong bounce back from a key support line. Brussels is considering opening the European Union’s external borders on July 01. The move is expected to propel the economy of the largest trading bloc after the slow down brought by the “Great Lockdown”. Aside from this, the EU Commission already...
The pair is trading in the triangle which is also a bullish flag. With the oil that low and the ruble being an oil currency, one might expect a bullish breakout.
There is a small local long inside the triangle, but I would actually hold it, waiting for the bullish breakout and add to the position then as the positive balance of the first one will give me a good...
The euro slumps following the recent news about a court ruling that challenges the participation of Germany, one of the biggest economies in the eurozone, in the unified stimulus program for the block. Actually, looking at the fundamentals, it appears that the odds are in favor of bearish investors as oil prices bounce back and investors continue to worry about...
because of breaking the support line, and double top reaching , and the Higher High wasn't higher than the previous high, and also the MACD and RSI movement , my idea is a Downtrend movement.
please dont use this technical Analyze for short positions, its long, and dont forget to take a Stop loss for 1% of wrong movement.
Ritual figures on the chart that were ahead of the events in Ukraine.
The timeframe on the chart is 1 week.
57 weeks (12) Time
399 days 21 (management changes)
Potential maximum channel height + 303%
57 weeks. 399 days.
It all depends on how the price fixes in these important areas. Fixing the price above a certain zone will mean further growth of the dollar...
The pair failed to breakout from a major resistance line after its four (4) day rally. Croatia will take over the presidency of the European Council on June 30, 2020. Croatia said its strategy will be based on the main pillars: “A Europe that develops”; “A Europe that connects”; “A Europe that protects”; and “An influential Europe”. However, the “influential” part...
On the graph, we see a symmetrical triangle that has been forming since 2014.
A symmetrical triangle is a figure of uncertainty. The percentage of up / down in the ratio of 50/50. The price is clamped. This year will be the denouement of the global movement.
Now the price is in a downward channel , have come close to the trend line of the triangle (green...
As widely expected USDRUB selling off from the 64.2x highs and a good time to collect half our chips from the table. Well done sellers, a textbook zigzag and flawless trade since the channel breakup so far. The spike was a textbook flushout with US sanctions acting as the catalyst.
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The pair will continue to fall lower in the following days after it failed to breakout from a downtrend channel resistance line. Geopolitics have changed following the election of US President Donald Trump. He became the face of populist leaders rising across the world. This became problematic with traditional allies, specifically with the European Union. Germany...
Pattern: Based on the 1W RSI, it is repeating a pattern seen in 2016/ 2017.
Signal: Bullish as the price appears to have made a bottom on the 69.800 Support.
Target: 73.500 and 77.300 (0.618 Fibonacci retracement) for longer term.
