RUSSIAN RUBLE / POLISH ZLOTY Buy in the area of 0.0498 - 0.0486 Goal 1 - 0.0508 Goal 2 - 0.0520 Goal 3 - 0.0538 Stop, fixing below 0.0484 ✅ f you like what I do, put 👍 and subscribe Waiting for your comment, what do you think about this?
USDRUB after the long retracement move found support over the weekly structure where the price created a double bottom. The market from there will possibly start a new impulse and break the long wedge formation. IF the price will break above the 73.500 area and consequently break the structure and the trendline, we will set a nice long order according to...
We take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies. Two factors are going against the U.S Dollar. 1.) Low-interest rate differentials 2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD. These four setups are popular trades across investment...
It looks like a flag pattern. Green Line is resistance, Red line is support. Lets see if it can break the resistance and start the flag pattern? These are my personal opinions, not investment advice.
USD/ZAR Analysis Based on price Action. With Risk Management you will Never loss. thank you
USDRUB is still testing the support area at 76.000. The price after a false breakout move upside until the minor resistance area at 76.600. IF the price will break above the descending trendline, According to Plancton's strategy (check our Academy), we can set a nice long order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
Price is forming a XABCD pattern in the weekly chart, touching for the second time in a major resistance, also forming a double top pattern or "M" as you want to call it. You will have more confirmations in favor or against the ideia in a few days. ;)
USDRUB on the daily chart broke and retest the ascending channel. The market after creating a double bottom over the support level at the 76 area went for a retest of the trendline. On the 4h chart the pice is moving inside a minor channel and now tested the 0.382 over the trendline. IF the price will break below the structure and consequently break the channel...
USDRUB TARGETS BY FIBO TREND: 78 - 73 - 86 - 94 (SUMMER 2021)
Hi everyone! I am going to open the long position from 75.42. With purpose 77.15. SL on 74.69. You watch the idea, I will act on a situation. In principle on the technical indicator everything is ready for the small movement up. Information provided is only educational and should not be used to take action in the market. This section is intended for short-term...
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...
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.
Motnhly Bounce in downtrend Weekly Strong pullback in wave 4 elliot Daily Testing 42 from below Open short at end of November when 38$ will be retested from below. Open 37 TP1 30 SL 41$
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?
My opinion is long position. There is a stop loss for another opinion ^ -) . With a true breakdown of the (0.34-0.35 zone) .The negative scenario is a return to the support zone (0.29-0.275). PNL-1/3.
Not a faint sight of correction finishing, despite the weakening dollar.
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...