As I drew on the graph, there is some probability that we could see growth to 85-90 rubles for 1 dollar in the nearest future.
Also I suppose we could see flat instead if growth. I don't see any positives in RU economics. Exchange rate could become better only if US dollar become weaker, which I doubt in.
How do you think?
Hi everyone! Couple of USD/RUB are in an upward trend long ago. Now there is the 3rd wave of an impulse. Purchase from the current values. Growth purposes: TP1 - 89.68, TP2 - 102.86. SL (cancellation) at the price lower than 74.50 as the kickback to the strong level of support 74.80-74.90 is possible.
The idea has information character.
Russian rubble had a strong correction
to 68.25, but after that, formed the pattern
triangle with T2 and T3 trendlines (1,2,3,4
points). You can find expected movement
with green lines. In my opinion RUB will
stabilize a bit on christmas holidays, but
after, will decline up to 84.00, if CBR will
not take strong actions. Anyway CBR cann't
change the trend...
Three times consolidations have brought profit on the sale of the ruble for the dollar. Now the intervention of the Central Bank of Russia and state-owned companies will temporarily suspend the process of weakening the ruble. But this process will continue anyway, as investors are withdrawing money from Russia's bonds (the RGBI index goes down), the oil price goes...
Dollar Russian Ruble is about to form a perfect bearish bat pattern.
In my opinion the uptrend is pretty much to be expected as there is a strong support at 74.638.
Long then short could be a good takeout here.
Trade with caution. Not an investment advice.
USDRUB on the monthly chart is in a clear uptrend.
On the weekly chart price hit and got rejected by the structure at the highs before starting a new leg up.
Market on the daily chart is consolidating below a daily structure and we can expect during next days a break of it for a new test of the recent highs.
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Here is the Plancton0618...
USDRUB on the monthly chart is in an uptrend and market after testing the highs at the 82 area has moved down till 68 zone beofre startin g a new move up.
Now on the weekly chart (low left) we can see that price retraced back till exactly the 0.5 fib level of the down move higher.
On the daily chart price move down till the daily support and during next weeks we...
Dear friends, all greetings, I haven't reviewed the USDRUB trading pair for a long time, as we follow the plan of the previous idea.
I also noticed that the # USD / RUB currency pair is gaining more and more popularity among traders, despite the fact that the Russian ruble is not fully freely convertible currency.
The pair continues to move within the ascending...
USDRUB on the monthly channel is clearly in bull trend with some sharp crazy spikes and volatility.
Market recently touched the lower monthly trendline and start a new bullish move.
On the weekly chart we can see that the price retraced till the 0.618 of the previous leg and started a new impulse.
Three weeks ago market hit again the weekly resistance and gain...
USDRUB is side ranging between the weekly support (red) and the 0.382 fib level retracement.
Market has been inside an uptrending channel for the whole reteracement move.
IF the market will manage to break and close below the weekly structure and consequently will break the channel, according with Plancton's strategy we can set a nice short order.
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.
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis,...