As I described my thoughts on the chart.
Technical analysis of the currency pair #Usdrub The currency pair is still in the uplink. Looking at the currency pair, striking candle figure 2 with an interval of a week. Morning and Evening Star. Reversal pattern on this pair is ready. We retain a negative view against the Russian currency. This view is based solely on macro-economic factors, as well as...
Another way to go long oil for a short term bear rally. Short USDRUB (VIA long RUR single contract per $100,000 of capital) @ .01268 for contract or the equivalent of ~77.4 USDRUB Risk is .67%
I am looking at a parabolic type of move and then a deep pullback
Short Entry @ 70 if it break the support trend line SL: 71 Target: 54
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
After the WTI Oil has confirmed its breakdown from its relevant range, USDRUB reacted accordingly - by breaking out from its range it has been in since September. Price is now above both 1-year and 1-quater distribution, trading above upper 1st standard deviations from 1-year and 1-quarter mean - signaling more upside probability.
Since star of 2000 Russian Ruble fell against Gold 10-fold: 7500 RUB per troy ounce in 2000 75000 RUB per troy ounce in 2015 5-year trend still intact: price trading above 1st upper standard deviation from 5-year mean (at 63650 now)
Last week, we saw a huge short squeeze in oil and it seems that there could bee a opportunity for Crude's bulls. The RUB lost a big part of its value due to the Global fall in commodity prices. However if we believe RUB and Crude touched the bottom, then we could try a short USDRUB, or if you think EUR is going to be smashed by Yellen on September (or October, or...
USDRUB held uptrend test on 1-year and quarterly basis (bounced back from 1st standard deviations from 1-year (264 days) and quarterly (66 days) means). What is strange, Russian Ruble continues to fall despite downtrend in WTI oil has failed recently. (see related) If price continues to trend upwards (above 66) - likely target is 80, a level outlined by Russian...
Full description is on the chart. Lucky and Intelligent trades!
This is the comparison of reversed Brent price dynamics vs Russian Rouble starting from Feb-2014 (CAD is provided for reference). As it can be seen Russian Rouble rate mostly followed oil prices. However starting from December RUB rate was artificially adjusted. Now it seems it's time for readjustment.
I can come up with a variety of instruments to trade based on the recent macroeconomic events, but right now I'd like to focus on these, since they give me a relatively close timeframe for the reversal date. Mark your calendars, between February the 5th and 9th, because I think these pairs will start moving strongly in the directions of these arrows. I'll post...