Now bull's reserves have been activated and exhausted, the diagonal swing towards the new lows at the key 60 handle is the aim. This momentum play is a characteristic impulsive swing. The moves constitute a great example of the lust to exploit the brilliant effect of technical analysis, because of the accuracy that is endowed with incredible resilience. The...
Here markets are starting to see shorts pick up momentum, this has been a very very easy ride so far since our initial entry (see diagram): Oil has drastically sold off, and risk sentiment in the M.E is fading. While we failed to clear 70 we managed to unwind some at 65 on the Iran spike. No reason to change course here yet, market sits itching to breakdown....
Here we go for a round of EM FX market updates and with Oil on the move first up USDRUB. After the doldrums of Thanksgiving liquidity is starting to enter back into play, although with market out of position there is no need to overload exposure. The USD tide is turning and clients here are pressing the buy side on RUB crosses to play the dollar sell-off. More...
Pattern: Based on the 1W RSI, it is repeating a pattern seen in 2016/ 2017. Signal: Bullish as the price appears to have made a bottom on the 69.800 Support. Target: 73.500 and 77.300 (0.618 Fibonacci retracement) for longer term.
The pair is trading within a long term 1M Channel Down (RSI = 50.809, MACD = 0.186, Highs/Lows = -0.2688). A Golden Cross formation has emerged this week on the 1D chart and since we are in the middle of the Channel we take this as a sell call. Our Target Zone is 62.000 - 61.350. ** If you like our free content follow our profile (www.tradingview.com) to get...
Buy : 64.045 - 63.831 T/P : 64.329 | 64.560 | 64.795 StopLoss : 63.398
We consider , that there are two possible ways of development current situation . Either RGBI is ready to draw 4 purple wave or it will occur when RGBI will achieve 150.60 approximately. According to gold ratio second variant is more probable however at the moment yellow 1 and yellow 5 wave are equal in absolute term that also might be considered as good ratio of waves.
The corrective structure is in a progress.
we think that now russian state debt market is in final stage of its growth. It is obvious fact that it will lead to strengthen of Russian ruble or ruble will be stable relatively.
It could be one more up to complete 5 of C of (B) and then down to finish the whole large corrective structure. The drop could be limited by double support.
From my point of view, current market situation allows ruble to gain another 5% vs US dollar and reach 63 figure level, from where it can continue down to 61 figure area, where the massive upward support is located.
Since 2016 we have been watching at the forming of the global triangle. Now the price is ready to show a quit from it. Try to seize this moment and catch it! Target above 67.2 is 74.1, stop 65.1 (Risk/Reward Ratio - 2.75) Target below 63 is 59.2, stop (Risk/Reward Ratio - 1.41).
After confirm resistance cross and 200 EMA => USD uptrend my target 65,974 use TP/SL RRR min 1:2
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
items not correlated to earlier Recovery from 2019 May Market Dip: PLNUSD, EURO STOXX, EURUSD, DXY, JPYUSD, GLD, USO
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan (CNY). Russian equities and the Russian ruble (RUB).