The pair has been trading inside a very clear 1W Channel Down (RSI = 42.482, MACD = -0.781, Highs/Lows = -0.2727) since the start of 2019. Clear Lower Highs (for sell entries) and Lower Lows (for exits). Such is the most recent rejection at 73.3540. We are short targeting 71.700 which is the 1M Support (Resistance until April 2018, Support since and until this...
The previous forecast worked, and the EUR/RUB currency pair has reached the lower boundary of a long-term ascending channel located circa 74.70.
As apparent on the chart, the exchange rate is trading near given channel line. From a theoretical point of view, a reversal north should occur in the nearest future. An important resistance level to look out for is the...
The common European currency has declined significantly against the Russian Ruble after the pair reversed from the upper boundary of a long-term ascending channel at 81.77.
Currently, the exchange rate is re-testing the support level formed by the weekly S1 at the 75.17 mark. Given that the 55– and 100-hour SMAs are located above the price, a breakout through...
EURRUB is trading on a very long term 1M Channel Up (RSI = 58.841, MACD = 1.999, Highs/Lows = 1.2013, B/BP = 6.7532), which is near pricing a Higher Low (est. 74.855). Buying here is a good long term investment with three targets, 80.645, 81.965 and 82.930.
The EUR/RUB exchange rate has been trading in an ascending channel for two weeks now.
As apparent on the chart, the Euro has reached a resistance cluster formed by the combination of the 55–, 100- and 200-hour SMAs near the 79.00/20 mark. It is expected that the rate eventually gathers the necessary momentum to breach this resistance.
It is the unlikely case that...
The common European currency has declined significantly against the Russian Ruble after reaching its high mark at 80.00 in April. The currency pair reversed from the upper boundary of a dominant ascending channel on April 12 and has since reached the bottom border of its channel.
During the last month, the exchange rate has been bouncing between the borders of a...
The bearish momentum which guided the EUR/RUB exchange rate during the first part of May changed its direction later in that month. As a result, the pair formed a new ascending channel. The latest wave down from the upper channel line was guided by the 200-period (4H) SMA.
By Thursday morning, the pair had fallen below the 55-, 100– and 200-period SMAs on both...
The Euro strengthened significantly against the Russian Ruble mid-April. The pair surged unexpectedly 12.80% within four days, thus shooting past the upper boundary of a two-year channel near 78.00. This move proved to be a false breakout, as the pair returned within this channel and began easing its strong bullish momentum.
As apparent on the chart, the Euro is...
Following the massive 13% surge which occurred early in April, the common European currency has been trading in an descending wedge against the Russian Ruble.
It seems that this pattern might soon reach its maturity, thus resulting in a breakout and a subsequent surge in this direction. Given that the pair entered the wedge from below, the most likely scenario...
EUR/RUB - Bullish Falling Wedge
.-Volume descending
.-Euro-zone GDP Flash may impact quotation on May 15th, 2018. Forecast 2.5 , previous 2.7
.-Euro-zone Inflation may impact quotation on May 16th, 2018.Forecast 1.2 , previous 1.3
EUR/RUB shot up considerably two weeks ago when it appreciated 12.98% in the course of three trading sessions. As a result, the Euro made a false breakout from a senior channel valid since late 2016.
The rate has since edged lower, but nevertheless failed to breach the 74.96 area on several occasions. This has left the rate in a range between this level and the...
The common European currency has been strengthening against the Russian Ruble for the past few weeks. This movement has been bound in a medium-term ascending triangle. The upper boundary of this pattern is a 2017/2018 high of 72.00.
It seems that the prevailing bullish sentiment has allayed, as the pair has failed to overcome the 71.50 mark during the last two...
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