During breakdown of the first candle. growth is same size of candle. ( TD )
Current candle is big. So we size a little different.
Current = Trend is down
MN = time frame
We have a big candle (First candle (TD))
I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade...
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...
After previously tracking the reversal (see attached: "Another key reversal in play in USDRUB") finally the break of 65 has come. From a technical standpoint this was important as it unlocked the 62.5 lows.
Russia has been one of the out performers on the currency board so far this year and I continue to see scope for more gains, irrespective of the very near...
This scenario is in play if we break 71 USD:
We are most likely in an impulsive wave 5 starting February 2018. Looking at its internal waves, expect the inner wave 5 to extend to about 80 USD, because wave the internal waves 1 and 3 are almost equal. Other reversal zones to look out for are 75 and 85 USD.
In this scenario, the price action from 2015 to 2017...
There will be no miracle. Less revenues from falling oil market will drag the index lower
as it should be around 800 already and could hit 530 when the oil would retest a multi-year low.
The correlation index for the past 12 months shows negative correlation but it is a temporary situation
as on the longer periods (20+ months) it is positive.
This will change...
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...
My vision and knowledge based on elliott wave theory, and I see usd/rub making a new low at 62-63. After that I am expecting USD to rise again. Currently we are in wave c of abc of 2 wave. Have a nice ride!
To a newbie, this looks as if it would continue with it's uptrend. Although from a TA perspective, this is a shorting opportunity for the following reasons
1. Inverted hammer - candlestick pattern (the bulls are tired)
2. RSI is extremely overbought
The Russian Ruble has been depreciating against the US Dollar since the beginning of October. This movement has been bounded in an ascending channel.
Currently, the currency pair is testing the upper channel line at 66.40. If given channel holds, a reversal south occurs in the nearest future, and the rate aims for the support cluster formed by a combination of...
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...