As the US Dollar continued to lose ground against the Russian Ruble a major development occurred. The currency exchange rate passed a very significant support level near the 57.60 level. At that mark a 61.80% Fibonacci retracement level met with the support of the most dominant ascending channel pattern. However, that is no longer the situation. Instead the...
The common European currency recently revealed a large scale ascending channel pattern against the Russian Ruble. The pattern was discovered, as the currency exchange rate did a rebound against the lower trend line of the pattern. Moreover, the rebound has occurred in a small scale channel up pattern. However, the pattern has already encountered the resistance...
At first glance the situation on the USD/RUB charts looks chaotic. However, if one delves deeper into understanding the currency exchange rate, it is clear what is occurring. First of all the pair has made a rebound against the most dominant ascending channel patterns lower trend line, which is combined with the 23.60% Fibonacci retracement at the 56.95 mark....
During the recent trading sessions the US Dollar has made a rebound against the Russian Ruble. Due to that reason a surge is to be expected. However, various details reveal that the bulls might still pass this rate. First of all the pair is still located in the borders of the junior pattern channel down pattern .That means that it’s upper trend line will continue...
EUR/RUB 1D Chart: Rising Wedge The common European currency is appreciating against the Russian Ruble in a four month long ascending channel that has recently began to transform into a rising wedge. Formation of the wedge began, when the currency exchange rate tried to slide to the bottom trend-line of the channel for the second time. During the...
The US Dollar has been depreciating against the Russian Ruble during the last month. However, recently the currency exchange rate has reached the support line of a dominant descending channel pattern. The dominant pattern has a very small angle of decline, which means that most likely we will soon see the formation of a new ascending junior pattern. However, the...
The target level of the first consolidation has not yet been reached. Now a new consolidation is being formed. The target level of the new consolidation may become the main one. A good price for opening a second long position has not yet been determined.
Good time for short positions and options till the end of the day also.
I am expecting a pullback to somewhere near white line and I will look for buy signals there.
1. Volatility is very low 2. Oil has strong downward potential Long and wait until 58. After break 58, we can reach 60-62.
That bullish divergence on Daily timeframe could long 4 months... Following the pair to add long-term longs but no position for now
Is this analisis right or wrong? The answer will be given in the middle of 2018. For now, we are looking close to 0.5 Fibo level, as the price 54.50 is shown. There might be a good long term buy (long positions) opportunities. The "carry trade" is more preferable, it means we will open short positions as USDRUB price goes to 86-88 for long term investment.
56.000 is my target (I don't trade this pair but I live in Russia so I should know what happens with my country currency.)
wow first aim is 55 till next month. if we drop down from 56,55 high level is 60,43
Quite often the first idea in your mind is correct, call it divine providence but it works. So the more I am analyzing corrective structures the better should be labelling ))). So this detailed count of what was seen last September - into related ideas below. The target is conservative at 44 RUB where Y=W.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron