On the presented chart we have prepared, you can see correlations of Ruble currency with Telecoms, Steel producing, Concrete producing, Land transport and Medicine. As you can see Ruble is building a solid ground to become a back end for the developing world destroyed by conflicts and fist fights. ATR is going down and from the june it shows backward correlation...
The weekly price floor of the ruble will definitely be tested again (0.006544).
The price at its weekly bottom is completely empty of buyers. Shadvi Boland is also a confirmation of this.
But now is not the time
At this time, due to the Israeli-Palestinian war, the ruble has a price break and can experience growth.
But Russia is getting weaker and weaker.
Not...
No new known macroeconomic factors could cause the current ruble devaluation. They say sanctions, some say a drop in imports ECONOMICS:RUIMP , others drop in exports ECONOMICS:RUEXP , brain drain, discounts on Russian oil, etc. Some blame the Prigozhin mutiny, but it doesn't change economic or political perspectives of Russia.
In my opinion, all these factors...
FX_IDC:USDRUB Price is at a significant resistance zone. Currently, price is overbought and should have a pullback regardless. This will either retest the support line, continue up, or make its way back down to the bottom of the ascending triangle. From there we will see if price breaks, retests, and continues downwards to the next daily support zone or bounces...
Mutiny Sends Ruble to Lowest in 15 Months
In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially...
The Russian Ruble is represented on an inverted, logarithmic scale vs.the G/S & G7 currency basket, where a rise in price levels on the chart indicates an irise in the Ruble.
For all the widely known reasons the Russian Ruble remains a remarkably accurate yard stick of the march of imperialism and the states of various hegemonies ("Globalization", in short) for...
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
For the past eight decades, the U.S. dollar has been the dominant global currency following the Second World War. It has been widely...
UR has reached strong fibo level. It seems like it will continue to rise(big bullish candle). But I wouldn't be surprise if it start to revers now. Why?
Firstly it has touched strong resistance level that was holding price almost for 6 years. So its a strong level even though it was broken in February 2022.
Secondly. If you look at dollar index (green line) which...
Hello. On the USD/RUB pair, a technical analysis pattern of an ascending triangle is forming.
We have two potential scenarios.
The first scenario is that if the ascending trend line is broken and the price consolidates below it we can expect further price decline to the Fibonacci level of 0.618 or 66 RUB/USD. On the chart it is noticeable how the support levels...
Why is BTC/RUBLE pair trading so different than when compared to other currencies? Are they driving the market? Makes sense why there the price has stair stepped down for the last year.
I see the price dropping from here but I am going to wait for a daily candle to close above or below this triangle.
when compared to 2019 there was a "bull trap" that happened...
I recently read something where it was noted that the ruble is the strongest currency of 2020.
Would YOU trade your dollars for rubles?
I didn't think so. Yawn.
my prediction, DXY is in an expanding wedge with 3 solid hits on the bottom. 4 times breaks. I think the DXY will take a fall down to 104 and reject on DEC 6th which is where the double channel bottom and horizontal support meet. the RUBLE has rejected off its new resistance and needs to fall as well. THE dollars are rolling over the the money will flow into crypto.
#FOREX #CNYRUB
Good Saturday night to everyone!
What's happening now? The Central Bank of the Russian Federation continues to keep the ruble exchange rate in manual control, which is why we are observing a protracted lateral movement.
But now we will not dive into the fundamental wilds of why, why and who benefits from it, but just see what our trading system...
