Hello Traders! The Ruble has been in a steady uptrend for a while now. It's no secret that Russian debt, lowest of developed nations (Roughly $200B) is so low now that Russia claims to have enough cash on hand to cover their debts completely. After the last Russian economic crisis, policies under Putin have sought to eliminate debt and generate faith in the...
There are similarities with Venezuela. It's look like Trump and Israel doesn't wan't to loose power in middle east. They are some good projects like: *new silk road to istanbul *drilling for oil and gas near Cyprus in the near future Battle cards tell you truth. Turkey+Russia+China+Iran have now more power and control in middle east. Trump + Israel have more...
This market is clearly bearish as shown by the lower highs and lower lows, with ranging tendencies as the price consolidates between the 94.71 resistance level and the 80.25 support level. Traders should look for potential sell entries close the 94.71 zone. The price could potentially form a triple top formation on the 4 hour timeframe. Keep your charts clean and...
The most relevant news regarding oil during this weekend's G20 summit is that Russia and Saudia Arabia do not plan to cut their oil production, meaning the price per barrel will continue to drop. When Oil goes down, USDCAD goes up.
How to Trade Bullish Flag Patterns www.dailyfx.com blackswanfx.blogspot.fr
USDRUB is in a consolidation pattern looking to break out. The consolidation is getting tighter and tighter. Look to go LONG or SHORT once a direction is found. If it breaks below, I will go short and hold for a long time because there is very little support beneath 48. (My bias remains on the downside but only time will tell.)
Gold is hovering above 1170 support - its worth watching. I expect a rally on market open, as gold tends to rally during Asian Sessions in early January - judging by historical data. As there is official US claim of Russian involvement in US elections, mild upmove is likely, yet not certain since markets are waiting for what stance will Donald take on this...
According to a new Bloomberg interview Mr Putin is pushing for OPEC and Iran to halt oil supply in order to rally prices above $50 a barrel. The measure of success will be a close above $46.00 as it was breakout above this level that previously took oil above $50.00. Given the nature of oil any major exporter announcing they want to cut supply should provoke a...
#oil #WTI #brent #pattern 8-11 day candles of the same color in a row. 9 is already underway candle #long
We will see if RUB can break through triple top of 72 for the 5th wave up of around 80. We are also looking at a contracting triangle with a possibility of a breakout
See annotations on the chart.