LONG USDRUB around 64-64.50. 1st Target is around 72.
USDRUB in 3rd wave long around 64. Target 75-90
To answer to a comment that "Rulbe detached itself from oil... continued to fall despite oil stabilized!" I do not think so. Just look at the chart. There is huge correlation between them. I would play a rebound on OIL and RUB
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...
We are pretty late to publish this idea but we are going to add to our longs if red horizontal line does not give a strong impulse sell. Otherwise we are going to wait for the prices to get near green line. Cordially Invigilo
Massive wicks below tells massive buyers to bounce price back up! Sentiment: Choppy with great volatility Probability: 50-50 with high RRR Risk reward ratio: 1:5-10
New highs of USDRUB are coming after fake breakout level 51
Full description is on the chart. Lucky and Intelligent trades!